Redevelopment project. Car wash with four handwash and one automatic bay. Currently car wash is not in use and instead property is utilized as a retail space for used cars as well as oil change and tire rotation.Property is rented for 3 years, and tenant pays for the first year $4,000 per the first 6 months and $4,500 per the second 6 months of the lease. Second and Third year includes a 5% increase based on the previous year rental rate.Additional uses are: Stores for retail trade; Filling stations; Business offices; Marina, bait and tackle sales; Off-street parking facilities; Motor vehicle sales only; Mobile home sales only; Motor vehicle repair services.
Complex:
NORTHMOOR GARDENS
Building Type:
Automotive,Commercial,Free Standing,Income,Special Purpose
Construction
CBS,Concrete
Utilities
Electric,Public Sewer,Public Water
Lease Term Type:
1-3 Years,Annual,Renewal
Owner Pays:
Electric,Insurance,Sewer,Water
400 NW Avenue L Avenue, Belle Glade, FL, 33430
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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