ATTRACTIVE DOWNTOWN LAKE WALES OFFICE BUILDING— Located in the main business district, this versatile commercial property is perfect for a variety of business purposes. Over 2600 sq. ft. the building houses a large area for Lobby/Reception Area and partitioned with 5 Offices, Conference Room, 2 Restrooms, Kitchen/Breakroom and Storage Room. Currently zoned for Commercial/Mixed use, this property offers great potential for any entrepreneur or business owner. The modern updates create a sleek interior making it perfect for businesses that require a blend of office and production space. There are no load bearing walls, easily converting this to your dream floorplan! Its design meets diverse business needs and is ideal for Retail; Restaurant/Eatery, Computer Tech Service; Personal Service— salon, barber or gym; Meeting Hall or a dynamic Office with some Production Capabilities. Conveniently, an alleyway with a back entrance adds utility. This strategic location ensures easy accessibility and high visibility, just off Scenic Hwy. ( SR-17) and a short distance to the main corridors of US Hwy 27 and SR Hwy 60 in Central Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$299,900
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 | $239,920 | $239,920 | $239,920 |
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 | $218 | $218 | $218 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,596 | $1,595 | $2,023 |
Total Monthly Payment | $1,889 | $1,888 | $2,316 |
* 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.