Amazing opportunity to own an established commercial property at a prime Auburn, MA location! The building has been home to an award winning restaurant, ‘The Coffee Mug’, since 2006. Whether it’s the perfect location to start your own business with great visibility and access, or to build your investment portfolio, there is unlimited potential here. This well maintained building is just over 1,390 SF, on a lot of .42 acres and contains 23 parking spaces. The building is served by municipal water, sewer with forced hot air via gas and central AC. Additionally there is a 1,500 gallon grease interceptor onsite. Close to all major routes, less than 5 miles to Worcester and .7 miles to Auburn Center. Current tenant is a well-established restaurateur. Lease expiration of 4/1/2024.
286 Southbridge Street, Auburn, (Pakachoag Hill), MA, 01501
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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