Situated in Historic Ybor City on three contiguous urban lots with an alley, this adaptive reuse property consists of an existing warehouse that has been retrofit with all the amenities to support any business. Rarely found over 2710 square feet of open space creates a unique opportunity for any business. Walls of glass and soaring ceilings cast sunlight across the space in dramatic and inspiring ways. Full kitchen with stainless appliances and granite counters make for a beautiful entertaining space. Upstairs office loft suite is enclosed for privacy and has large walk in closet and large modern bathroom with dual vanities. Structure meets or exceeds current hurricane codes
with highly rated insulation throughout and hurricane shutters. The fully fenced and gated property with lots of parking off street is perfect for large gatherings and entertaining. Two open lots on either side of the structure allows for an oasis of nature in the heart of a vibrant city. Just outside the walls of glass is and urban garden and patio to relax in. Possible re use as art gallery, wine bar, beer garden, event space; the options are endless. Two separate HVAC units keep energy bills low. For the savvy investor, the property offers an incredible opportunity to be in the heart of the 50-acre, mixed use development underway in Historic Ybor City. The broadly defined YC-6 zoning designation allows for residential, commercial, hospitality and multi family use, among others. Zero lot line development zoning provides the ability to maximize the 1/4 acre urban lot for future new development. Since the property is located in an Opportunity Zone, it provides the buyer with immediate, short and long term flexible investment strategies. The five story Centro Ybor Parking Garage located directly across the street provides ample parking for any use.
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William Raveis Real Estate
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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 | $1,840,000 | $1,840,000 | $1,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $434 | $434 | $434 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,934 | $11,630 | $16,028 |
Total Monthly Payment | $12,493 | $12,189 | $16,587 |
* 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.