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1814 Fern Palm DRIVE, Edgewater, FL, 32132 | $559,000
Sales-Driven Description:
Unparalleled Investment Opportunity – Make an Offer!
Location, Location, Location! This over 5, 000 sq ft mixed-use property in the heart of Edgewater, FL, offers unparalleled versatility and potential. Whether you're a business owner, investor, or entrepreneur, this property is your chance to “Live, Work, Play” and maximize your income.
Key Highlights:
Multi-Use Property: Perfect for office space, warehouse storage, and residential living – all under one roof.
Four Units with Flexibility: Two warehouse spaces, two residential units, and unfinished storage upstairs provide endless possibilities for customization and revenue generation.
Residential Potential: Upstairs includes a private 1-bedroom studio with a full kitchen and bath and a separate 2-bedroom unit with independent access.
Commercial Spaces: Each downstairs unit offers approximately 2, 440 sq ft of office/flex space with direct access to attached warehouses, front offices, and bathrooms.
Prime Accessibility: Front and rear access with payload bays and ample parking in the front and back, plus a covered parking pad.
Unbeatable Value:
At less than $95 per sq ft, this is one of the best deals in the area! Comparable properties simply can’t compete with the price, condition, and location.
Endless Opportunities:
Create a thriving live-work space for your business.
Convert to multiple residential or commercial rentals for income.
Use as a warehouse or distribution hub with office capabilities.
Prime Location:
Located just minutes from one of the city parks on the Intracoastal Waterway, this property offers recreational convenience, including nearby kayak launches. It's perfectly positioned to meet both personal and professional needs.
Why Wait? Make an Offer Today!
Properties like this don’t stay on the market for long. Whether you're looking for an income-generating investment or a flexible space to call home, this is the opportunity you've been waiting for. Contact us today to schedule your showing and secure this one-of-a-kind property!
Features
- Property Type: Mixed Use
- Construction: Concrete
- Utilities: Electricity Available, Public
- Heating: Central
- Cooling: Central Air, Wall/Window Unit(s), Zoned
- Units: 4
- Lot Size: 127 x 80 x 127 x 82
- Year Built: 1988
- Approx Sq. Feet: 5,030
- Acreage: 0.23
- Est. Taxes: $3,681
- Lot Desc: City Lot
- MLS#: NS1083122
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/NS1083122/1814fernpalmdrive_edgewater_fl?source=qrflyer
Listing courtesy of COLLADO REAL ESTATE Phone: 386-427-0002
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1814 Fern Palm DRIVE, Edgewater, FL, 32132
$559,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $447,200 | $447,200 | $447,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
| Monthly Tax Payment | $307 | $307 | $307 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,938 | $2,938 | $3,744 |
| Total Monthly Payment | $3,337 | $3,337 | $4,143 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388