Location is everything! This property is located on state HWY 50 the main thoroughfare through central Florida from I75 to Daytona. DOT count of 45,000+ cars daily pass this property and stop at the traffic light. Was originally built as a worship center and then converted to a restaurant prior to pandemic. Building is 3800Sf with Pine Vaulted Cathedral like ceilings. Owner has changed the Zoning from PUD to C-! Commercial. The entire restaurant and equipment is present and appears to be in fairly good condition along with a well designed bar. With some rennovation to fit your needs this could be your "Diamond in the Rough"
New Roof is under contract and will begin June 25th 2024. Partial Renovation of interior is to begin soon.
Complex:
CLERMONT ELLA VISTA HEIGHTS
Cooling:
Central Air, Mini-Split Unit(s)
Construction
Block, Brick, Cement Siding, Concrete
151 W Highway 50 HIGHWAY W, Clermont, FL, 34711
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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