354 Nashua St Milford, NH aka Conant House c1782

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This remodeled antique home and offices are now on the market.  Character, mixed use, expansion potential in barn, public utilities and on over half an acre. Traffic count is 13,000 daily and two curb cuts on Route 101A with parking lot, as well as a private driveway on Vine Street.
Excellent street presence and curb appeal!

  • Keep it offices…
  • Medical? It is currently a Naturopathic Clinic
  • Prior owner ran a Veterinarian office (Classic Cat Clinic).
  • Make a 1-floor in-law suite: aka ADU- accessory dwelling unit.
  • Open an inn. It was Victoria Place at one point.
  • Daycare?
  • Need a workshop…most of the huge barn is still unfinished and one of the L’s was used as a work-shop.

    More details on the blog: history, zoning info, and more photos:  https://conanthouse.wordpress.com/


Residential: MLS Listing

Commercial: MLS Listing


-Just my thoughts. Jenn

 

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Commercial vs Residential Loans?

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Residential Mortgage

Residential Loan

Commercial Loans

Commercial Loan

Commercial loans:
1. Require a higher down payment, typically 20%.
2. Have shorter terms, typically 5-20 years with a large chunk paid at the end.
3. Have higher interest rates.

So you typically have higher carrying costs(monthly payment) associated with a commercial loan, there’s more risk because you have a balloon payment at the end of the term – or you have to refinance, and you cannot refinance out if the rates go down without a prepayment penalty typically.

Qualifying for a commercial loan is different…it’s based on income potential of the property. While a residential loan is based on your gross income and debt.

Here are a couple articles:
Business Finance Commercial Residential
Commercial VS Residential Loan Terms

Just my thoughts. -Jenn

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