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Discover this exceptional investment opportunity, a versatile property that seamlessly blends Commercial and Residential potential. This unique offering includes a thriving quaint Town Cafe known for its Gourmet Cappuccinos and Coffees, Delectable Sandwiches, and the Best Ice Cream in New England, "Gifford's"! The cafe features a walk up window, where call ahead orders can be picked up along with indoor seating for the Cafe, making it a popular destination for both locals and visitors. The Deli has been meticulously remodeled and is equipped with a fully operational kitchen, modern refrigerators, high quality espresso machines, commercial hood vent, ice cream machines, & an attractive display counter. Included in the sale is a Propane Filling Service Station offering yet another excellent income stream. There is also potential to convey The U-Haul Business with the sale of the property, further increasing revenue streams. Conveyed with the sale of the Cafe, is the 2nd building offering an Auto Shop with spacious Garage Bay with a Residential apartment unit above. Formerly a "convenience store", this space provides flexibility for various business ventures. With ample parking and high visibility, this property boasts a traffic count exceeding 20, 000 vehicles daily, a significant advantage for any business. The lit sign, enhances visibility & branding opportunities. This turn-key operation is ready for a New Owner to step in & continue it's success. see alsoMLS#24080098 Neighboring Real Estate may be included for purchase at an agreed upon price.
Type | Level |
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Bedroom 1 | Main |
Dining Room | Main |
Living Room | Main |
Primary Bedroom | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $363,920 | $363,920 | $363,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $536 | $536 | $536 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,300 | $2,391 | $3,046 |
Total Monthly Payment | $2,911 | $3,002 | $3,657 |
* 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.