505 Cleveland AVENUE, Wildwood, FL, 34785 | $399,000

This prime commercial real estate opportunity is located at the prominent intersection of County Road 466A (Cleveland Ave) and N Warfield Ave, offering unparalleled visibility with 400 feet of road frontage—145 feet on Cleveland Ave and 255 feet on N Warfield Ave—across 0. 84 acres. Ideal for commercial development, this parcel represents one of the last remaining opportunities for redevelopment in a rapidly growing corridor. It provides ample space for parking and features multiple access points for ingress and egress, accommodating both Eastbound and Westbound traffic. The property includes an existing home with approximately 1, 100 square feet of living space and a total gross area of 2, 000 square feet, offering potential for immediate use or redevelopment. The area is undergoing significant growth, with single-family homes transforming into commercial enterprises such as real estate offices, medical practices, law firms, retail stores, professional offices, and senior care facilities. Utilities are fully available, including electric, water, sewer, internet, phone, and cable services. Surrounding amenities include major retailers and dining options such as Lowe’s, Home Depot, Outback Steakhouse, First Watch, Five Guys, and Publix. The property is conveniently located just minutes from The Villages, Trailwinds Village, Brownwood Town Center, and Pinellas Plaza, offering excellent access to a variety of amenities at a competitive price point. Seize this rare investment opportunity to become part of a thriving commercial corridor. Contact us today to explore the potential of this exceptional property.

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside
  • Year Built: 1925
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,056
  • Acreage: 0.84
  • Est. Taxes: $1,174
  • Adult Communities: Yes
  • Appliances: Range, Refrigerator
  • MLS#: G5083200
  • Days on Market: 20 days
  • Website: https://www.raveis.com
    /prop/G5083200/505clevelandavenue_wildwood_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 12/23/2024 8:32:32 PM)
Listing courtesy of FLAMINGO REAL ESTATE & MNGMT   Phone: 352-689-1000

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

505 Cleveland AVENUE, Wildwood, FL, 34785

$399,000

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 $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.508% 7.171% 6.392%
Monthly Tax Payment $98 $98 $98
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,178 $2,122 $2,715
Total Monthly Payment $2,351 $2,295 $2,888

* 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.