1020 N Mills AVENUE, Arcadia, FL, 34266 | $610,000

Welcome to an unparalleled investment opportunity! This 1900 square foot building, strategically positioned on over half an acre of prime land directly along Highway 17, presents an exceptional chance for savvy investors. Boasting an incredible location with high visibility and outstanding signage, this property is a beacon for success. The accessibility is unmatched, featuring a handicap-accessible entrance and the entire building designed for easy mobility. The ample parking space includes 6 spots exclusively for employees, along with 9 additional spots for guests and customers, two of which are reserved for handicap parking. Currently configured as a fully functional dentist office, this versatile space comprises 5 dental exam rooms, ensuring ample capacity for a thriving practice. The property also includes a convenient breakroom/kitchenette, a private office, a sterilization room, a storage room, and two restrooms. In addition to its prime location along Highway 17, this exceptional property offers unparalleled visibility with road frontage on three sides, maximizing exposure and ensuring a prominent presence in the bustling surroundings. This unique feature further enhances the property's accessibility and commercial appeal, making it a standout investment opportunity in every aspect. The surrounding area enhances the property's appeal, with DeSoto Memorial Hospital and other medical facilities in close proximity, catering to a steady stream of potential clientele. Moreover, the Arcadia Police Department is conveniently located right across the street, adding an extra layer of security and public services to the vicinity. Don't miss out on this rare chance to invest in a property that not only meets but exceeds expectations for location, functionality, and growth potential. Secure your future success with this prime real estate opportunity! (Please note that this sale exclusively pertains to the real estate itself, and the dental business currently operating within the premises is not included in the transaction. The dental practice functions as a tenant within the building and is not part of the sale. )

Features

  • Property Type: Office
  • Construction: Block
  • Utilities: Public
  • Garage: 13 to 18 Spaces
  • Heating: Central
  • Cooling: Central Air
  • Year Built: 1945
  • Approx Sq. Feet: 1,780
  • Acreage: 0.58
  • Est. Taxes: $3,119
  • Lot Desc: City Lot
  • MLS#: C7483902
  • Days on Market: 328 days
  • Website: https://www.raveis.com
    /prop/C7483902/1020nmillsavenue_arcadia_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 2:29:47 AM)
Listing courtesy of THE WILLIAMSON GROUP REALTY, I   Phone: 863-494-9009

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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

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1020 N Mills AVENUE, Arcadia, FL, 34266

$610,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $488,000 $488,000 $488,000
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 7.551% 7.159% 6.276%
Monthly Tax Payment $260 $260 $260
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,247 $3,243 $4,115
Total Monthly Payment $3,599 $3,595 $4,467

* 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.