"Prime Retail/Business Building in New Smyrna Beach, FL: Strategically Positioned at Intersection for High Traffic Visibility. This concrete block building offers unparalleled strategic positioning in the heart of New Smyrna Beach. Nestled in a bustling neighborhood surrounded by residential areas, schools, restaurants, bars, and coffee houses, this property promises continuous foot traffic and activity. Constructed in 1955, it has long served as a hub for various business ventures, benefitting from heavy day-time traffic every day of the year.
Sitting on a sturdy slab foundation, this 2, 100 sq. ft. building is centrally air-conditioned for comfort. The fenced storage area at the back, complete with washer/dryer hookups, ensures both security and convenience. Zoned B-5, Planned Shopping Center District, it is primed for retail shopping establishments catering to the local community's needs.
Featuring a captivating front view overlooking W. Canal, this property boasts a spacious reception area, three large rooms, and two restrooms, all designed to enhance customer comfort and satisfaction. The flat tar, paper, and metal roof provide year-round comfort, while the expansive 10, 889 sq. ft. lot offers ample space for parking and potential expansion.
With its attractive block, brick, and concrete exterior, this building presents an ideal canvas for prominent business signage, ensuring maximum visibility. Whether transformed into a professional office, retail store, or any other business venture requiring high visibility and foot traffic, this property offers boundless potential.
Don't miss out on this exceptional opportunity! Contact the listing agent today to schedule a private showing. "
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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** | 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 | $189 | $189 | $189 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,479 | $2,446 | $3,103 |
Total Monthly Payment | $2,743 | $2,710 | $3,367 |
* 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.