MAJOR PRICE REDUCTION!!! NOW $450, 000. All reasonable offers considered. Prime commercial space located in Historic Bridge Street area of Bradenton Beach. These properties rarely become available on Anna Maria Island. Over 1200 sq ft of finished condo area within Old Bridge Village. Four off street parking spaces right outside the main door and two covered under building spaces. Many possibilities within the walls. Entrance of off Bay Dr S features foyer entry with over 300 sq ft office to the left. Pass to the right thru the reception area with main office having over 400 sq ft and floor to ceiling sliders facing the Bay. Additional 10 x 11 offices have separate entrance on 3rd St S. There is a common bath with kitchenette servicing all offices. Buyer is responsible to verify all information, applicable zoning and condo regulations for proper usage. NEW AC August 2024. 2025 Condo fees $9619 a quarter with Fully Funded Reserves. Fees include: building maintenance, grounds maintenance, building and flood insurance, roof, cable/internet and trash removal. Seller has paid $45, 800 special assessment to cover painting/waterproofing/caulking, roof replacements, gutter replacement and additions, common area HVAC unit replacements, pool deck replacement, spa heater replacement, and fountain repair/rejuvenation. Property has had Hurricane Helene water intrusion. Association has removed the drywall and remediation has been done. Awaiting estimates and permits to utilize flood insurance claim to replace walls, floors and outlets. Perfect timing for a Buyer to revamp the space with benefit of association insurance contribution.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 | $360,000 | $360,000 | $360,000 |
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 | $331 | $331 | $331 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,425 | $2,393 | $3,036 |
Total Monthly Payment | $2,830 | $2,798 | $3,441 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.