This property is a prime location just off of US 27 in Leesburg. Note there are 2 parcels being sold together. The adjoining parcel at 1226 Penn St. and 1421 Griffin Rd. Total combined acreage is 2. 73.
Both parcels are C-3 zoning. Griffin has two entrances and has high visibility. The 660 sq ft building contains a restroom, break room or storage space, and main retail space with large windows all under air. It has a perimeter fence and chain link fence around the lot. Plenty of parking space or room to build here. Penn is currently operating as an auto mechanic repair shop. It sits on 2 acres fully fenced in chain link and the block 1, 364 sq ft building contains 3 bays with metal roll-up doors, 2 hydraulic lifts, an office space, handicap restroom, and 2 storage areas. The metal roof and expansive (21x76) awning provide shade and protection from weather elements. The opportunity here is to develop the existing spaces or knock down and build fresh. Come see the possibilities and make it yours.
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William Raveis Mortgage, LLC
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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 | $739,200 | $739,200 | $739,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,794 | $4,733 | $6,490 |
Total Monthly Payment | $4,886 | $4,825 | $6,582 |
* 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.