THE PROPERTY IS A HISTORIC RELIGIOUS LANDMARK WITH OLD WORLD ART FEATURED IN THE FORM OF EXQUISTELY CRAFTED STAIN GLASS WINDOWS ALL AROUND THE STRUCTURE AND A RARELY FOUND PIPE ORGAN PIECE, PEWS AND MANY OTHER EXTRAS.
THE BUILDING 1 IS OFFERED IS 14300 SQ. FT. IS ZONED C 2 BY THE CITY OF LAKLAND AND BUILDING 2 IS BEING USED AS A FULLY FUNCTIONAL MEDICAL CLINIC WITH AN OUTPATIENT PROCEDURES.
THERE IS ALSO FULLY PAVED WITH UPGRADED FENCING ALL AROUNG THE ADJOINING PARKING OF LOT 0. 15 ACRES AND 0. 51 ACRES. TOTAL PARCEL WITH BOTH THE BUILDINGS AND PARKING MORE THEN LOT 1. 1 ACRES. SOME RENOVATION IS REQUIRED AND WILL BE COMPENSATED BY THE SELLER.
ALL OF THE 3 PARCELS OF 1. 06 ACRES INCLUDED UNDER THE ROOF CONSTRUCTION OF 23, 7000 SQFT (BLDG. 1 AND 2) AND 0. 66 ACRES PARKING LOT IS BEING OFFERED TO PURCHASE.
LOCATED WITHIN DIXIELAND COMMUNITY REDEVELOPMENT AREA WITH VARIOUS GRANTS AVAILABLE DUE TO BEING IN HISTORIC DISTRICT AND A LANDMARK STRUCTUTRE.
Investment Highlights
The Building Has Potential to Be Rezoned for Residential Use, Apartments or Condos or for Original Purposes.
The Building and Parking Lot Being Are Being Offered, Both Are on the Main Road of Lakeland and Have High Visibility.
The Air Rights Are Available and Would Be Facing the Lake Water View.
The Vehicle Counts Are High.
Property Type: (Coms)assembly Building
Living Area: 23, 700 SF
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,800,000 | $3,800,000 | $3,800,000 |
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% | 6.510% | 6.599% |
Monthly Tax Payment | $1,750 | $1,750 | $1,750 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,332 | $23,707 | $32,842 |
Total Monthly Payment | $26,207 | $25,582 | $34,717 |
* 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.