Discover endless possibilities with this prime waterfront commercial property, strategically zoned C1/C2! Located on the saltwater canals of Hernando Beach, this 2-story building encompasses 5 lots totaling almost 2 acres and it has its own boat ramp! The main floor boasts two versatile commercial units with brand-new vinyl flooring, ideal for office or retail use. Unit 1 features a countertop bar, a bathroom with a commode and sink, and a well-equipped commercial kitchen with a meal prep station, vent hood, gas and electric ovens, a 3-bin wash sink, tiled flooring, ample lighting, and space for refrigerators. The second commercial unit on the main floor offers expansive office space with two additional bathrooms. Access the second floor through its own entrance at the far right front of the building. This level has been converted into a spacious 4-bedroom living area, which could easily be reconfigured into separate offices or kept as comfortable living space for an on-site manager. The second floor also includes a full bathroom with a tub/shower combo, a single sink vanity, a commode, and a utility room housing the A/C systems and an electric range. An additional door provides access to the first floor, which can be locked to separate the units. The lower level features a dry storage area adjacent to the kitchen and a large garage/warehouse with two bays, each with roll-up doors suitable for nearly any truck. One garage includes a storage room for equipment, a bedroom with through-wall A/C, and an additional half bathroom. The property has a total of 5 bathrooms with newer fixtures and plumbing for a potential 6th bath. Additional amenities include a 220-gallon propane tank and two A/C units (replaced in 2013 and 2014). The property offers ample expansion opportunities, whether by building upward, removing interior walls for more warehouse space, or adding extensions to the building. Currently, the vacant lots serve as RV and boat storage, providing a steady monthly income. Enjoy a 300 ft seawall and boat dock at the rear of the property, with a boat lift that will drop your boat into the direct access deep water canals that lead to the Gulf of Mexico. Conveniently located near the local marina, Hernando Beach Yacht Club, and just a mile from the Hernando Beach Public Boat Ramp, this property is in a prime location with excellent traffic and growth potential. With upcoming county developments nearby, this property promises significant earning potential and value.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,599,999 | $1,599,999 | $1,599,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $613 | $613 | $613 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,113 | $10,245 | $13,938 |
Total Monthly Payment | $10,851 | $10,983 | $14,676 |
* 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.