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Presenting a unique investment opportunity in the heart of New Hampshire’s scenic Seacoast region: the Rye Airfield property, consisting of three commercially zoned parcels totaling significant acreage with flexible development potential. Lot B features a well-maintained 60, 000 square foot multi-tenant commercial building, currently generating income from a diverse range of tenants. This fully improved structure offers immediate cash flow and long-term investment potential. A detailed rent roll is available upon request. Lots A and C are currently undeveloped, providing a blank slate for commercial or multi-family residential development, subject to local zoning and planning approvals. Their strategic location and zoning designation make them ideal for a variety of uses, including office space, retail, light industrial, or residential housing. Each lot is available for individual purchase, offering flexibility for investors or developers with targeted development goals. Located just minutes from Portsmouth and the I-95 corridor, this property offers high visibility and accessibility, making it a rare find in the thriving Southern New Hampshire real estate market. The site is surrounded by a mix of residential neighborhoods, retail centers, and recreational areas, enhancing its value and development appeal. For further information or to schedule a site visit, please contact the broker.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $8,000,000 | $8,000,000 | $8,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.750% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.865% | 6.309% |
Monthly Tax Payment | $3,035 | $3,035 | $3,035 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,053 | $51,888 | $68,050 |
Total Monthly Payment | $49,213 | $55,048 | $71,210 |
* 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.