A prime commercial location in St. Augustine with superior visibility and 689 feet of frontage on State Road 207! This site contains a total of 6. 23 acres with 4. 27 acres of usable uplands. Located east of I-95 in the rapidly growing 207 mixed-use corridor, this property is zoned Commercial Intensive (CI) and allows for a variety of future commercial uses. 2020 AADT shows 29, 000 vehicles per day. Existing improvements include a 960 SF professional office, pole barn, storage shed, and partially fenced perimeter. Surrounding properties include Dollar General, RV Park, BP Gas & Convenience store, Automotive Repair, Assisted Living Facility, single-family communities and a 256 unit multi-family community adjacent to the subject property. Future surrounding uses proposed or currently in progress include 16, 000 SF +/- VA Clinic, additional single-family and multi-family homes, and a Publix anchored shopping center across the street. Subject includes two parcels: 1401 and 1425 State Road 207 {PID 101570-0050 and 101570-0060}.
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$2,225,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
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 | $1,780,000 | $1,780,000 | $1,780,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,545 | $11,398 | $15,628 |
Total Monthly Payment | $11,670 | $11,523 | $15,753 |
* 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.