Class A Office Building on US1 in an idyllic location that shares ''heart of town'' convenience with a direct proximity to I-95, the new Ormond Crossings and Flagler county to the north. This nearly 4000 sq ft solid block structure is perched just above the banks of the Tomoka River with a garden area overlooking the water. Officially two units, (479 & 481 N Yonge) each have separate entryways, reception areas, kitchens etc. While the current owner occupies the entire building with a hallway that connects both units, it is the ideal situation for two businesses with separate parking areas and entryways on opposite sides of the property. The interior space was professionally designed before being built out by the area's top contractors and the spaces are simply lovely with high end finishes, extensive custom trim work that compliment solid core wood doors under volume ceilings. The layout is currently configured around 6 oversized executive offices with multiple semi-private support
staff spaces situated amongst the common areas. Beyond the two complete kitchens with break rooms, a large storage and records room could easily be additional office space. A sprawling and inviting paver appointed private patio catches the morning sun on the quiet east side of the building. Subtle and effective monument signing in place with a possibility of erecting much larger signage. Desirable B-8 zoning allows for a multitude of uses including but not limited to retail sales and professional office. Priced at a fraction of replacement costs this offering represents one of the best values in this class with an Ormond Beach address.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $514 | $514 | $514 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,915 | $6,915 | $9,482 |
Total Monthly Payment | $7,554 | $7,554 | $10,121 |
* 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.