Location, Location, Location! Prime commercial property directly across from Washington Square in New Bedford with excellent visibility and heavy foot and vehicle traffic. Currently used as a tire shop, the property currently has a 30-car dealership license, repair license, and active MDC trap. The building offers three garage bays with a drive-up ramp for easy oil changes, two bathrooms, an office, and additional space that could be used for expansion or paving.This is a great opportunity for an investor or business owner looking to collect strong rental income or start/expand an automotive business. Property is leased with solid rental income in place.Do not approach the business or walk the property. Please read remarks for more information.
275 County St, New Bedford, MA, 02740
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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