701 E Canal STREET, Mulberry, FL, 33860 | $460,000

*The sale DOES NOT include the business nor the equipment displayed in the pictures. This will be a sale of the commercial building and the adjacent parcel. Also, please note that a successful transaction will also include a deed restriction for laundromat/coin laundry use.

Welcome to 701 E Canal St. , Mulberry, FL – a prime commercial property offering endless possibilities in a strategic location. This 3, 140 SF building, nestled on 0. 22 acres of land under C-2 zoning, stands ready to accommodate a variety of ventures.

Previously operating as a laundromat, this versatile space is now available for your vision. The property boasts the potential for 16 parking spaces across two parcels, providing convenience for both customers and employees.

The building's appeal is enhanced by a recent 2022 roof installation, ensuring a worry-free ownership experience with minimal capital expenditures in the foreseeable future. This significant improvement adds tremendous value and security for any new owner.

Strategically positioned along E Canal St. , a main artery within Mulberry city limits, the property enjoys a robust daily traffic flow of 23, 000 vehicles. This high visibility makes it an ideal spot for a restaurant or any retail business seeking exposure to a broad audience.

Surrounded by established businesses such as the Marathon gas station to the west and Carter's BBQ to the east, the property opens up collaborative opportunities with a range of neighboring enterprises. The diverse landscape of nearby businesses creates an environment where your venture can thrive and complement the existing local offerings.

Notably, the City of Mulberry has acquired adjacent land on the north side of E Canal St. with confirmed plans to build their new headquarters. This strategic development aligns perfectly with the property, promising increased foot traffic and potential collaboration opportunities for any business occupying this space.

In summary, 701 E Canal St. presents a unique opportunity for entrepreneurs and businesses looking to capitalize on a well-maintained, strategically located commercial space with a proven track record and exciting prospects for the future. Don't miss the chance to make this property the foundation for your next successful venture.

Features

  • Property Type: Retail
  • Construction: Block, Concrete
  • Cooling: Central Air
  • Year Built: 1944
  • Approx Sq. Feet: 3,140
  • Acreage: 0.22
  • Est. Taxes: $2,510
  • MLS#: O6169358
  • Days on Market: 14 days
  • Website: https://www.raveis.com
    /prop/O6169358/701ecanalstreet_mulberry_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 9/18/2024 9:08:02 PM)
Listing courtesy of R KOMMERCIAL GROUP   Phone: 407-800-1009

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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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701 E Canal STREET, Mulberry, FL, 33860

$460,000

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 $368,000 $368,000 $368,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 5.990% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.470% 6.161% 5.248%
Monthly Tax Payment $209 $209 $209
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,236 $2,204 $2,908
Total Monthly Payment $2,520 $2,488 $3,192

* 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.