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Presented by![]() Brian Sheerin |
Exceptional investment opportunity and a once-in a lifetime chance to own the largest and most prestigious corner lot commercial property in Coventry CT. This highly visible 8. 25-acre, sub-dividable, corner lot commercial property offers exceptional exposure for a variety of commercial and mixed-use residential development. This site receives a daily traffic count of nearly 17, 000 VPD and is strategically located on a heavily traveled Route 44 and just 15 minutes from Hartford CT. If you're looking to capitalize on Boston Turnpikes' high traffic flow, excellent visibility or extensive frontage, look no further than this commercial/mixed use property to suit all your business, residential and development needs. 2812 Boston Turnpike is an ideal corner lot location that features over 1300 feet of road frontage, and a large open, level site that offers an ideal layout for large-scale multi-tenant development. The property currently contains a recently remodeled 1320 sqft residential house/commercial office building, a 2-car garage, oversized barn and an extra storage outbuilding that are all currently being leased out for additional income. Approved site plans to construct an automotive sales and service center complete with an electric car charging station. These plans can be combined with many other permitted uses such as a car wash, gas station, fast food/cafe, day care, grocery store, self-storage, retail plaza, distribution mixed use or an 8-30G housing development.
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$1,995,000
Licensed Associate Real Estate Broker
William Raveis Real Estate
Phone: 914.610.0934
Brian.Sheerin@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,314 | $10,219 | $13,684 |
Total Monthly Payment | $9,439 | $10,344 | $13,809 |
* 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.