Under contract-accepting backup offers. Welcome to your slice of paradise nestled between the picturesque Intracoastal Waterway and the vibrant shores of Daytona Beach. This prime piece of real estate offers a unique blend of serenity and excitement, making it an ideal location for either commercial or residential development. This establishment offers unparalleled visibility and access with ample parking. For those with a interest in business ventures, the strategic location between the Intracoastal Waterway and Daytona Beach promises a steady stream of tourists and locals alike, providing ample opportunities for success. With several recent updates over the last 2 years this property features a new roof, updated electric, all new flooring and more. From salons, shops and quaint cafes to upscale restaurants and entertainment venues, the potential is boundless. Imagine the possibilities of owning a business in one of the most sought-after destinations in Florida. Alternatively, for those seeking a tranquil escape from the hustle and bustle of everyday life, this property offers a sanctuary like no other. Picture yourself indulging in leisurely strolls along the shoreline, basking in the warm Florida sun, and relishing in the laid-back coastal lifestyle with the property being just steps away from the beach. With its enviable location and charm, this property epitomizes the essence of the coastal life. Whether you're looking to establish a thriving business or create your own personal oasis, seize the opportunity to make your dreams a reality with this mixed-use gem! *All info to be verified by buyer*
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Our Executive Mortgage Banker:
Our Insurance Division:
$794,000
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $635,200 | $635,200 | $635,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $341 | $341 | $341 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,226 | $4,173 | $5,357 |
Total Monthly Payment | $4,659 | $4,606 | $5,790 |
* 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.