Commercial building consisting of approximately 5, 340 sq. ft. located in the City of Bushnell’s downtown central business district. The Bushnell downtown central district include only a few buildings and this property borders the city park with abundant parking and adjacent to the park you will find professional offices, a large Bank, Bushnell City Hall, and the Sumter Judicial Center. This location is ideal to house services to support the downtown and surrounding areas and the property is large enough to accommodate multiple uses. The uses could include a restaurant and office space for professionals who engage with the public, the court system, and local government. The Central Business District zoning classification includes many permitted uses and offers flexibility. The City of Bushnell, Sumter County’s longtime county seat, is located in Central Florida and is flanked by Interstate 75 (I75) and the Florida Turnpike is a few miles east of the City. These major transportation corridors allow convenient commutes to both Tampa and Orlando. Sumter County is home to the Villages who are undertaking major expansions. Recent acquisitions and planning place the Villages development in very close proximity to the City of Bushnell. If you are a developer of commercial space or an end user who desires a downtown location in close proximity to the court house and local government, then this property justifies further evaluation.
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William Raveis Real Estate
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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 | $399,200 | $399,200 | $399,200 |
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 | $213 | $213 | $213 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,423 |
Total Monthly Payment | $2,944 | $2,941 | $3,711 |
* 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.