PRIME AND SUPER RARE PIECE OF REAL ESTATE NOW OFFERED FOR SALE! Check out this property measuring over 6 acres zoned IL (industrial light)! Located on Highway 70, great signage and exposure will equal high visibility! The property features a 48x33 steel barn with recently remodeled one bedroom, one bathroom apartment along with a garage with so much space for storage for your equipment or tools! There is also an additional 32x20 building for even more storage and a place to work! With IL zoning, the possibilities are endless! Per the land development regulations, the current zoning allows for bulk storage yards, light manufacturing/processing, medical clinic, outdoor storage yards, printing/publishing establishments, retail sale/rental or repair of automobiles/tractors/boats/other machinery, warehousing/storage establishments, construction offices, commercial radio facilities, veterinary clinic, indoor retail sales and so much more! You can even build a single family residence but it must be in the same structure that is occupied by the commercial use. This zoning doesn't come up for purchase often, so don't miss out on your chance to own this prime piece of real estate for an incredible price! Arcadia is growing exponentially! Add your business to our growing economy! Check with DeSoto County Building/Zoning to verify if zoning allows for desired use.
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William Raveis Real Estate
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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 | $295,200 | $295,200 | $295,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $287 | $287 | $287 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,964 | $1,962 | $2,531 |
Total Monthly Payment | $2,326 | $2,324 | $2,893 |
* 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.