GRAET REDEVELOPMENT OPPORTUNITY in Worcester MG-2 Zone. This 2-level, 30,000 sqft warehouse is in very good condition and could serve multiple uses (including cannabis cultivation/manufacturing). The property offers exceptional highway access to Rte-12 /Interstate-290 and is located in a well-developed industrial park. Recent improvements include new electrical system 480 Amp, updated fire evacuation/sprinkler and burglar alarm system. The building boasts incredible 16’ ceiling height. Column spacing is also excellent. There are completely renovated offices/meeting rooms/bathrooms to support the warehouse operation. One loading dock and one drive-in door provide grade level access to the building. Handicap accessible. It also has a parking lot for 80+ vehicles. PROPERTY IS AVAILABLE WITH OPTION TO BUY CANNABIS CULTIVATION LICENSE.
13 Hope Ave, Worcester, MA, 01603
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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