5th Ave S FRONTAGE, 15750 Sq ft (2 additional adjacent parcels totaling 18, 669 sq ft also available for $1. 2 million, TOTAL 34, 419 sq ft). Zoned INDUSTRIAL TRADITIONAL DISTRICT ("IT") which allows for minimum side setbacks. Joint Venture opportunities are available for investors and developers. The location is simply stellar - the site is located on 5th Avenue South on the 2600 block at 2680 5th Avenue South in the Warehouse Arts District. The address is also just west of 28th Street South which is a lighted intersection. 5th Avenue South is one of the main corridors of the Warehouse Arts District and also a significant east-west avenue that goes from the bay to the gulf. The property sits on 5th Avenue South which puts the site strategically between the lighted intersection at 22nd Street South and the lighted intersection of 28th Street South. 22nd Street South is the main north-south drag of the Warehouse Arts District. 28th Street South represents the westerly border of WAD. This District is strategically located, in that it abuts many popular districts including the Edge Shopping & Dining District and the Grand Central District. The Site also abuts a very upcoming neighborhood of Palmetto Park and two blocks from the famed Historic Kenwood Neighborhood. The address is only minutes to the downtown core & Beach Drive, minutes to the hospital, and university district. Both Interstate 275 and US HWY 19 are 3 minutes away.
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William Raveis Real Estate
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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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $328 | $328 | $328 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,147 | $6,227 | $8,363 |
Total Monthly Payment | $6,600 | $6,680 | $8,816 |
* 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.