What a great opportunity to own commercial property on a corner lot with over 500' of frontage on a major highway. There are two parcel ID numbers and there is over 60, 000 square feet of paved/concrete surface and the 30X80 metal building has many potential uses. The building has a storage room and restroom. The two bay garage can be used for storage or an auto, boat or RV repair business. As an added bonus, there is an elevated 'V' shaped billboard that its owner leases from the seller for additional income. This lease will transfer to the purchaser. The C-2 Zoning is General Commercial which includes general retail sales and services, storage, general commercial, industry, etc. (Buyer to confirm land use with county) This area is close to Leesburg, Orlando, Ocala, etc. Beaches are east or west and under two hours either direction. The exposure on this highway will continue to increase as the area grows. All amenities are within a short drive. This includes restaurants, hospitals, recreational activities, airports, etc. Look at the curb appeal and the construction in the area. This property will be in high demand and has great potential. This is a great deal at the current price.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,920 | $679,920 | $679,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $497 | $497 | $497 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,354 | $5,970 |
Total Monthly Payment | $4,999 | $4,943 | $6,559 |
* 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.