Pre-Construction. To be built. Unveil an extraordinary investment opportunity in the vibrant, ever-expanding heart of downtown Punta Gorda! This brand-new development is the perfect canvas for visionary builders ready to make their mark. Imagine two expansive business spaces on the lower level, each offering approximately 800 sqft of prime commercial real estate. These units are ideal for retail or dining featuring high ceilings, large windows that flood the space with natural light. Ascend to the upper level and discover a stylish 900 sqft loft, boasting a beautifully designed 1-bedroom unit. This modern living space features an open-concept layout with top-of-the-line finishes perfect for a tenant seeking the convenience and charm of downtown living or can serve as an additional office or creative studio space. This development is nestled in a prime downtown location, ensuring unmatched visibility and foot traffic. Punta Gorda is renowned for its vibrant community and rich cultural scene, with an array of shops, restaurants, and attractions just steps away. Picture your investment thriving amidst the buzz of festivals, parades, nightlife, and year-round events that draw both locals and tourists alike. The standout feature of this project is its readiness for immediate action: all plans are completed, and permits have been accepted. This means you can dive right in, launching your business operations or renting out the spaces without the typical delays and uncertainties associated with new developments.
This project is tailor-made for the perfect builder who can envision and execute our creative vision. Seize the opportunity to capitalize on downtown Punta Gorda's dynamic growth. Whether you're an investor eager to expand your portfolio, an entrepreneur in search of a strategic location, or someone who recognizes the immense value of downtown Punta Gorda's promising future, this development is a rare and exceptional opportunity. The property is being sold with comprehensive plans in hand, offering a seamless and hassle-free start to your new venture. Don’t miss out on owning a key piece of downtown Punta Gorda’s exciting future. Contact us today for more details!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$720,000
William Raveis Real Estate
Phone: 888.699.8876
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 | $576,000 | $576,000 | $576,000 |
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 | $173 | $173 | $173 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,832 | $3,828 | $4,939 |
Total Monthly Payment | $4,097 | $4,093 | $5,204 |
* 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.