Gorgeous, traditional brick church building with a prominent location and a 45 car parking lot!!
Large main floor sanctuary, finished lower level with classrooms and meeting area. Building has approx. 6000 sq. ft finished area. 3 year old roof. Offered as is, seller to make no repairs. Don't wait, you won't believe what a beautiful building you can buy at this price!!
Church loans are typically amortized over a 20 year period, starting out with a 3-5 year fixed rate. You will typically need 20% down payment and qualify to afford the payment. It is possible that someone can purchase personally if they can qualify for a commercial loan, or buy with cash! Most lenders require churches to be at least 3 years old to qualify.
For example: For a $259,000 purchase, with a 20% down payment, 6% interest rate (example only) leaves a loan balance of $207,200. The monthly payment would be $1491 per month, fixed rate for 3-5 years. Expect additional inspections & fees of $5,000+/-.
Woodson to Midland, east to corner of Midland and Lackland
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