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Presented by![]() Dede McDowell |
Located along a high-traffic main road in Enfield, this established, fully upgraded hair and beauty salon is a prime investment opportunity. Offering a modern, open-concept layout, the salon features a well-equipped space designed for both client comfort and operational efficiency. The business is secured by a five-year lease with an additional five-year option, responsible for utilities providing long-term stability for a passive investor. Roof was redone in 2024. The salon includes two hair stations, with a wash basin. There are five nail stations and five pedicure stations. A well-appointed back bar area and a separate wash area for clients further enhance the functionality of the space. Two private facial rooms are also included, each furnished with two salon beds and equipped with sinks and ample counter space, making them perfect for personalized skin treatments. The salon also features an accessible bathroom and a spacious waiting area with four chairs. The lower level of the property has a dedicated employee recreational area, complete with its own bathroom and additional private spaces. The large, open warehouse-style space for flexibility for storage or potential future expansion. The building is equipped with central air and with 16 parking spaces available, client convenience is guaranteed, the salon's location on a major road ensures excellent visibility and consistent foot traffic.
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$680,000
Sales Associate
William Raveis Real Estate
Phone: 203.434.0722
Dede.McDowell@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $544,000 | $544,000 | $544,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $529 | $529 | $529 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,528 | $3,665 | $4,664 |
Total Monthly Payment | $4,149 | $4,286 | $5,285 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.