Prime Opportunity to acquire a turn-key restaurant and parking lot at an affordable price point. The property is located in Medley, a business oriented community home to over 1,800 businesses and a multitude of residents.
This property is ideal for a restaurant user who is looking for a location with high traffic volume.
The property has frontage on River Drive as well as frontage on the river adjacent to Okeechobee Road, which gives the property excellent signage potential. Okeechobee Road sees 60,500 vehicles per day.
The property also has easy access to the Palmetto Expressway.
8401 NW South River Dr, Medley, FL, 33166
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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