Under contract-accepting backup offers. BACK ON THE MARKET!! This property is all about location.
This is your opportunity, do not miss this chance to own a successful commercial property with a current business and storage, in a prime area of St. Pete. Located in Kenwood, next to Historic St. Petersburg High School, only 5 minutes from downtown and less than a half mile from US Highway 19. This location is close to shopping centers and parks as well as being located in a residential area, this commercial property is perfect for any business owner looking for an investment or redevelopment project.
This commercial property offers two vacant garages, for auto repairs and maintenance. This building sits on over a half acre of land that can be utilized for storage and is located on one of the city's busiest roads.
The Property is currently used for auto maintenance, outside storage, and quick lube 10-minute oil changes. The business generates a good capital income, makes a profit, and has been consistently successful for the past 25 years since the current owner has owned it. Take it over and make it your own. Great for any mechanic, or garage repair shop owner looking for a new or additional location. Business, Inventory, and property, everything that is not personal property of the current owner or being stored on the outside lot, transfers with this sale. (Except for the lift in the north garage. The lift can be negotiated into the deal if the buyers want to keep and utilize it. Otherwise, the owners will remove it before closing).
More financial information is available upon request, from the listing agent.
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William Raveis Real Estate
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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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.128% | 7.061% |
Monthly Tax Payment | $751 | $751 | $751 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,716 | $4,657 | $6,243 |
Total Monthly Payment | $5,559 | $5,500 | $7,086 |
* 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.