228 S Lake Shore WAY, Lake Alfred, FL, 33850 | $1,150,000

NEW PRICE, reflecting the exceptional value and income-generating potential of this property. Don't miss this rare opportunity to own a VERSATILE COMMERCIAL PROPERTY with existing rental income and the opportunity for further expansion. Located in growing Lake Alfred, Florida! Property Highlights- EXCELLENT LOCATION Accessibility: Lake Alfred's strategic location offers easy access to major East/West and North/South routes via the I-4 and U. S. Hwy 27 corridors. You'll be perfectly positioned between Tampa, Orlando. Property is located on TWO PARCELS, BOAST OF THREE BUILDINGS that offer a diverse range of possibilities, currently BUILDING #1 This investment opportunity is secured with a five-year lease option to renew. Don't miss out on this, A going concern, business, and great potential, thanks to the new concept of Sal's Pizzeria AND LEASED, GENERATING $3000 per month, Step into this inviting indoor pizzeria, boasting 35 seats, and experience the finest culinary delights Lake Alfred has to offer. BUILDING#2 is tenant occupied on a month to month basis, providing steady rental income of $900 a month. BUILDING #3 is being used as personal use/storage. To learn more about this exciting opportunity, including financial details and to ensure confidentiality, please call us to request a Non-Disclosure Agreement (NDA). Take the first step towards a prosperous future by exploring this exceptional investment in Lake Alfred, Florida.

Features

  • Property Type: Restaurant
  • Construction: Block, Concrete
  • Utilities: Electricity Available, Natural Gas Available, Water Connected
  • Garage: 13 to 18 Spaces
  • Levels: 1
  • Cooling: Central Air
  • Year Built: 1962
  • Approx Sq. Feet: 1,677
  • Acreage: 0.58
  • Est. Taxes: $2,657
  • Lot Desc: Central Business District, Fire Hydrant, Sidewalk, Street Lights
  • Appliances: Refrigerator
  • MLS#: S5092011
  • Days on Market: 290 days
  • Website: https://www.raveis.com
    /prop/S5092011/228slakeshoreway_lakealfred_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 8:32:08 AM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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228 S Lake Shore WAY, Lake Alfred, FL, 33850

$1,150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $920,000 $920,000 $920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.762% 6.725%
Monthly Tax Payment $221 $221 $221
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,815 $5,891 $8,014
Total Monthly Payment $6,161 $6,237 $8,360

* 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.