Going back in history this property was at one time the original City jail with brick walls and heavy timber beams, later it was the City's fire station and then sat vacant for years until the City sold the surplus property to the operators of the well known and established SilverKing Brewery.. With 7,000 sqft, high ceilings, solid block, steal reinforced roof and huge bay doors this property screams redevelopment. Located in the Citys special are plan, SAP, and zoned T4b the redevelopment possibilities are endless. Lots of mixed use potential, the property has some existing asphalt parking and yard behind the structure. Current lease rates in this area of downtown are ranging between $16-20 per foot, making this a solid investment opportunity. Anytime you can buy it existing cheaper than you can build it new, helps deal makes sense.
325 E Lemon STREET, Tarpon Springs, FL, 34689
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
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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