**** SELLER FINANCING AVAILABLE WITH 30% DOWN **** Pleased to present a commercial property that offers an onsite 1, 165 SF building along with an adjoining oversized lot that may be used for extra parking or outside storage. Although currently being used as residential, this subject is zoned (CI) commercial intensive and may be ideal for vehicle repair, storage, light manufacturing, brewery, distillery, daycare, office and various other uses.
This property is great for a fearless investor who wants to keep this property as a rental for additional income or an owner/ user who would like to expand the site with new development. The area is exploding with new commercial and residential growth and sits in a (QOZ) qualified opportunity zone and HUBZone, surrounding your future property with countless developments, eligible federal procurement opportunities and tax incentive credits for all your business and development projects. Fronting busy N. 15th Street, this property gives ease of access to just about anywhere in the tri-county area within minutes to include Interstate 275, Dr. Martin Luther King Blvd. , Interstate 4, N. Nebraska Avenue, N. 22nd Street, Ybor City, Seminole Heights and Downtown Tampa. Call today for additional property details and come get in on the happenings going on in East Tampa.
Value is in the land! Here is an excellent site for new east Tampa development. This 7, 590 SF land site with building is located between E. 21st Avenue & E. Lake Avenue and N. Nebraska Avenue and N. 22nd Street and fronts N. 15th Street just south of the Dr. Martin Luther King Jr. and N. 15th Street intersection. Situated mere minutes from Interstate 275, Dr. Martin Luther King Blvd. , Interstate 4, N. Nebraska Avenue, N. 22nd Street, Ybor City, Seminole Heights and Downtown Tampa, you’ll have ease of access throughout the Bay Area. This is a high traffic corridor that sees approximately 5, 000+/- cars passing daily. There are special tax benefits allotted to investors as this site sits in a (QOZ) qualified opportunity zone and federal HUBZone. The East Tampa community is experiencing a huge growth surge and houses approximately 53, 034 people with an average age of 35. 5 and a HHI of over $62, 200 within a 3-mile radius.
Some accessible destinations around the city with commute times include Ybor City: 1 mile/ 3 minutes, Downtown Tampa: 2 miles/ 7 minutes, Tampa International Airport: 14 miles/ 20 minutes and I-275: 1 mile/ 4 minutes. This is a buzzing residential/ commercial district that is frequented by local residents and exploding with new commercial and residential occupants making this site a great investment opportunity, relocation site or expansion location for your growing business or portfolio. Call for a property brochure.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $236,000 | $236,000 | $236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $132 | $132 | $132 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,570 | $1,569 | $1,990 |
Total Monthly Payment | $1,777 | $1,776 | $2,197 |
* 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.