One of Ocala’s most prominent properties, the 1890 Teague House. This 3 story Queen Anne style property was originally built as a residence, with renovations over the years to restaurant, office, and day spa use. Most recently, with particular attention to detail such as locally handmade doors and other features, it has been renovated to full day spa use. Currently income producing and has the potential for prime office/retail space with an average daily traffic count of over 32, 000 vehicles. Less than 1 mile to thriving Historic downtown Ocala with lodging, dining, shopping, a theater, parks, and more. The East Silver Springs Boulevard corridor is one the most popular commercial areas in Ocala.
The 1st floor has 4, 023 SF NRA -Includes a reception area, office, waiting areas, men’s and women’s restrooms, 11 treatment/office rooms, a private 1/2 bath, and a laundry room. 3 staircases and an elevator provide access to the second and third floors. The 2nd floor has 2441 SF NRA- includes a spa, salon, men’s and women’s restrooms, waiting area, and a laundry room. The 3rd floor has 1703 SF NRA- includes waiting areas, treatment/office rooms, a private office, full bathroom with shower, and a locker room. The basement has 987 SF NRA and is used for meeting and event space. B-2 zoning on 1. 07 acre includes land on the north side that is zoned R-3, and a secondary access by road along NE 2nd Street. 43 parking spaces. Info taken from public record, measurements are estimates, buyer to verify.
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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 | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
Monthly Tax Payment | $1,135 | $1,135 | $1,135 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,919 | $6,745 | $9,203 |
Total Monthly Payment | $8,179 | $8,005 | $10,463 |
* 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.