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This property includes two separate buildings, providing flexibility for different business models. Whether you continue operating as a restaurant or reimagine the space for a completely new purpose, you’ll have plenty of options to customize it to your needs. Endless Possibilities! Incredible opportunity to own a highly visible commercial property 15, 000/day car count. Rt16 in Ossipee, boasting over 300 feet of road frontage, ample parking Main Building – Restaurant & Bar Ready The primary structure is fully outfitted for a bar and grill, making it ideal for someone looking to enter the restaurant industry without the hassle of building from scratch. Features include: Two restrooms for customer convenience Well-maintained and gently used restaurant equipment and all dish wares, glasses etc. Spacious indoor dining and bar area. Bar seats 20 dining room 50 Full kitchen setup ready for immediate use or modification. Modern utilities, including private water and septic (2017 septic system installed), internet ready, security systems. Secondary Building: The second building has been used as a bar/ice cream shop, but its potential extends far beyond that. This space can be converted into a workshop, garage, retail space, dog kennel or additional rental unit depending on your needs. Flexible layout for multiple uses: large fenced in area would make a perfect home to a animal kennel, vet clinic, child care facility, event space, catering company, secured outdoor storage, spa, cigar bar
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $436,000 | $436,000 | $436,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $733 | $733 | $733 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,720 | $2,864 | $3,650 |
Total Monthly Payment | $3,545 | $3,689 | $4,475 |
* 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.