1-5 Town Street, Lyme, CT, 06423 | $650,000

Welcome to Rattleberry Farm, a prime commercial property located at Hadlyme Four Corners, offering endless possibilities for a country restaurant, wedding venue, conference center, or retail establishment. Situated on a beautiful 5-acre compound circa 1900, this property exudes country charm and character, making it the perfect backdrop for your next venture. The highlight of Rattleberry Farm is the 5, 000 square feet of commercial space housed on one floor of contiguous barns. These barns provide a rustic ambiance that is sure to captivate visitors, while the picturesque gardens and patios create an inviting atmosphere for guests to enjoy. In addition to the commercial space, Rattleberry Farm features a 2, 000 square foot colonial home, complete with Tromp L'Oil wall murals and custom floors. This charming residence offers the perfect retreat for owners or staff, providing a comfortable and stylish living space amidst the tranquil surroundings. Bounded by the scenic Roaring Brook, Rattleberry Farm offers a peaceful setting that is sure to impress guests and visitors alike. Despite its idyllic location, the property is conveniently located just a short drive from Route 9 and I-95. Whether you're looking to launch a new business venture, expand an existing enterprise or create a unique destination for guests to enjoy, Rattleberry Farm offers the perfect opportunity to bring your vision to life.

Features

  • Utilities: Electric
  • Garage: Other
  • Parking: 9-car
  • Heating: Radiator
  • Cooling: None
  • Units: 1
  • Zoning: Commercial
  • Frontage: State Road
  • Year Built: 1900
  • Approx Sq. Feet: 7,525
  • Acreage: 4.7
  • Est. Taxes: $5,989
  • Lot Desc: Corner Lot
  • MLS#: 24004873
  • Days on Market: 54 days
  • Website: https://www.raveis.com
    /raveis/24004873/15townstreet_lyme_ct?source=qrflyer
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NMLS Mortgage Loan Originator ID 793093

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1-5 Town Street, Lyme, CT, 06423

$650,000

Lisa Edgerton

Sales Associate

William Raveis Real Estate

Phone: 203.533.1123

Lisa.Edgerton@Raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $520,000 $520,000 $520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.159% 6.286%
Monthly Tax Payment $499 $499 $499
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,547 $3,456 $4,388
Total Monthly Payment $4,138 $4,047 $4,979

* 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.