The Barrett Spray team & KW Commercial are proud to present for the first time on the market in almost 50 years the original Bank of Orange City. For the last 50 years it has been used as the Orange City Medical Complex. This is an opportunity to purchase a mixed use property on the highly traveled S Volusia Ave in Orange City. The property consists of two buildings set up as medical practices and one garage. The first building with two stories was the original bank built in 1925. Although this building is currently configured as a medical office, the possibilities are endless. Medical, Retail, Commercial, Office? You get to create your own space. The first floor is currently set up as a doctors office. There is currently a receptions area, eight exam rooms, two restrooms, a storage room and an x-ray room and a large private office. The upstairs is currently unfinished and used for storage, one restroom, kitchenette and 7 spaces that can be used as offices or conference rooms. A significant remodel will be needed. The second building is a one story building also designed as a medical office with 7 rooms which can be utilized as exam rooms or offices, three restrooms and a center work area. There is also a detached garage which can be used for extra storage. There is a large parking a lot connecting all of the buildings with 27 parking spaces. A large monument sign advertises your business to the almost 32000 AADT count. Come make this prime piece of real estate yours today.
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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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $840 | $840 | $840 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,890 | $2,924 | $3,711 |
Total Monthly Payment | $3,822 | $3,856 | $4,643 |
* 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.