Introducing an exceptional commercial property situated on a premium corner lot! This two-building parcel offers a lucrative investment opportunity. The first building comprises a well-established 1, 281 square feet barbershop, while the second building houses a thriving 1, 768 square feet auto repair business (that includes 3 automotive lifts). Conveniently located off the bustling US 301, which runs parallel to I-75, this property benefits from excellent accessibility and high traffic. Both buildings' Roof and A/C systems are only 2 years old. This property presents a fantastic opportunity for substantial income generation. Notably, the auto repair shop is already leased for a five-year term, commencing on May 1, 2023, with a monthly rental income of $2, 700. This provides immediate stability and ensures a steady cash flow for the foreseeable future. The brand new Advent Health Hospital being built just blocks down the street on 301 makes this prime location even more desirable. The current zoning designation, General Commercial, allows for various redevelopment options, opening the door to a wide range of potential uses. Prospective ventures include research facilities, retail establishments, banks, florists, food establishments, grocery stores, restaurants, medical facilities, or recreational spaces. This commercial property on a prime corner lot offers excellent accessibility, high traffic, and tremendous income potential. Don't miss out on this opportunity!
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $272 | $272 | $272 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,390 |
Total Monthly Payment | $4,617 | $4,612 | $5,754 |
* 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.