Plaid Properties is pleased to present a well-positioned commercial property in the heart of downtown Tavares, Florida. Located at 122 N St. Clair Abrams Ave. , this 2, 026 square foot building, (1, 651 under air), offers a versatile floorplan for potential buyers. Built in 1942, the property has been utilized as a law office for the past 40 years. Commercial Downtown (CD) zoning allows for a variety of uses. Situated in walking distance of key county and city government buildings, including the Lake County Courthouse, Tavares City Hall, and Lake County Administration, this property is ideally located for businesses seeking a central location in this bustling district. The property is ideally located 1. 5 blocks from Wooton Park, Tavares Pavilion on the Lake, Splash Park, Tavares Seaplane Base and Marina and a variety of dining and entertainment options. The property features recently restored heart of pine wood flooring throughout, Central HVAC, 2 full bathrooms, 3 separate office spaces, reception area, conference room, (which can be used as another office), a bonus room, ample indoor storage, attached outdoor storage area with a carport and 4 additional guest parking spaces. The property has 2 separate entrances and 2 electric meters and can be configured to accommodate 2 or more tenants / businesses. The property is currently vacant and available for showings. Realize this opportunity to locate your business in the heart of growing, vibrant Downtown Tavares.
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Our Executive Mortgage Banker:
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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 | $264,160 | $264,160 | $264,160 |
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 | $313 | $313 | $313 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,780 | $1,756 | $2,228 |
Total Monthly Payment | $2,168 | $2,144 | $2,616 |
* 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.