Bring an offer! Motivated Seller! B-4 Zoning the highest use classification; you can make this acreage a shopping center, sports arena, contractor yard, storage facility or a skate ring. The uses are numerous. Currently this property is being used as an automotive repair shop, a lucrative core business and a tow yard. Tow truck and other equipment included with the right offer. Move in ready to start your own automotive repair business or other. Business has 3 bays, plenty of parking and an office space. New electrical system 2018 with 200 amps, the home and business each have their own meters and there are security lights. This offering comes with a gated 3 bedroom 2 bath doublewide located on the premises as well. Situated on the busy Hwy of 301; LOCATION LOCATION LOCATION! This business is considered a part of the metropolitan area of Ocala Fl. The population of Ocala in 2020 is 61, 719 with an annual growth rate of 1. 06%. The traffic count for Hwy 301 is 13, 300 per day. Hwy 301 is a 4-lane Hwy at this juncture. This is the route taken to go north to Jacksonville. The estimated overall capitalization rate is 13% with an estimated NOI of $64, 269 annually.
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$800,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $172 | $172 | $172 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,254 | $5,397 |
Total Monthly Payment | $4,576 | $4,518 | $5,661 |
* 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.