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0 W Vine STREET, Kissimmee, FL, 34741 | $4,900,000
This commercial land opportunity on Highway 192 in Kissimmee sounds like a substantial and versatile investment opportunity. Here are some key highlights:
Size and Location: This property comprises a whole block of land, totaling almost 4 acres. With approximately 1, 300 front feet on Vine Street/Highway 192, it offers significant visibility and accessibility in a prime location in the heart of Kissimmee.
Zoning: The property is zoned for commercial and residential development, allowing for mixed-use possibilities. This zoning can enable a variety of developments, such as retail stores/offices on the ground floor with apartments or condos on multiple levels above. This flexibility can cater to various business and residential needs.
City Development Plans: Mention of the "Vine Street Vision" plan by the City of Kissimmee suggests that the area may be undergoing revitalization or beautification efforts, potentially enhancing the property's value and attractiveness.
Proximity to Amenities: The property's location is described as close to essential amenities, including hospitals, the airport, shopping centers, restaurants, and even Disney. This proximity to key destinations can be a significant advantage for businesses and residents.
Survey and Plans: The availability of a survey and plans for the plaza(s) can provide valuable insights into the property's development potential. Reviewing these documents can help potential buyers better understand the possibilities for the land.
Versatile Use: The property's mixed-use zoning allows for a wide range of potential uses, making it suitable for investors or developers looking to create a diverse and thriving commercial and residential space.
Given the substantial size and zoning flexibility of this property, it may be suitable for investors or developers looking to capitalize on its prime location and proximity to major attractions and amenities in the Kissimmee area. If you're interested, contacting the seller or a real estate professional for more details and a viewing is recommended to fully explore this opportunity.
Features
- Property Type: Retail
- Construction: Other
- Utilities: Electrical Nearby, Electricity Available, Phone Available, Public, Sewer Nearby, Telephone Nearby, Water Nearby
- Units: 12
- Lot Size: 1272 x 129
- Acreage: 3.77
- Est. Taxes: $36,000
- Lot Desc: Central Business District, Corner Lot, Fire Hydrant, City Lot, Near Public Transit, Neighbourhood, Oversized Lot, Sidewalk
- MLS#: S4820510
- Days on Market: 3369 days
- Website: https://www.raveis.com
/prop/S4820510/0wvinestreet_kissimmee_fl?source=qrflyer
Listing courtesy of CENTURY 21 ALL HOMES & PROPERT Phone: 407-343-1300
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
0 W Vine STREET, Kissimmee, FL, 34741
$4,900,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,920,000 | $3,920,000 | $3,920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
| Monthly Tax Payment | $3,000 | $3,000 | $3,000 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $25,100 | $24,456 | $33,879 |
| Total Monthly Payment | $28,225 | $27,581 | $37,004 |
* 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