Under contract-accepting backup offers. PRIME BUSINESS LOCATION IN DOWNTOWN LAKE WALES! Affordable space downtown Lake Wales. Located in the Lake Wales CRA II district. Building is 3, 270 sf and has 3 bathrooms, office area (7x7), Kitchen/Break room area (12. 5x20), it already has plumbing in place. New Sink and Water Heater are still in the box. 3 large rooms, each (15x10) and a open area (48x34) for whatever your business needs or rent out the extra space. Property has new roof and new trusses (2023). Property was in the middle of renovation and seller could not complete. This would be the time to turn the property into your own vision. Private parking as well as street parking. C-2R zoning so property could be used as: Indoor Shooting Range, Construction Support - Light, Auto/Truck Dealer, Rec. Vehicle, mobile home or boat dealer, Club for Assembly, Cultural facilities Farm crop or nursery without retail sales, landscaping services, Restaurant, Professional Office, Medical Office, Vet Office, Assembly fabrication, Dry cleaners, Manufacturing - Light, Warehouse distribution or convenience store with gas service. So many possibilities at your fingertips! Located close to shopping, restaurants, Hwy 60 and Hwy 27. You could not be in a better location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $224,000 | $224,000 | $224,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,509 | $1,489 | $1,889 |
Total Monthly Payment | $1,584 | $1,564 | $1,964 |
* 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.