1155 S Lake Shore WAY, Lake Alfred, FL, 33850 | $165,000
Uncover the Commercial Potential in Lake Alfred, Florida! We present to you an exciting and unique opportunity to breathe new life into a property that was once a cherished residence. This home, which had undergone extensive upgrades, did face the unfortunate event of a fire. However, the silver lining is that our loss is now your gain.
Positioned directly across from the Lake Rochelle public boat access on Lake Shore Way South (17-92) as you enter Lake Alfred, this property is brimming with potential. While it currently enjoys residential zoning, it holds the coveted status of being grandfathered in, paving the way for a seamless conversion to a commercial establishment.
Here's what awaits you with this remarkable property:
Option 1: Renovate and restore the existing structure, blending the historical charm of a residential property with the functionality of a commercial space. Let your creativity run wild as you breathe new life into this versatile canvas.
Option 2: Embrace a bold vision and embark on the construction of a brand-new, cutting-edge commercial building that caters to the evolving needs of the Lake Alfred community.
The location of this property is second to none, offering exceptional visibility and accessibility, which are paramount for any successful business venture. Whether you choose to remediate the current structure or embark on a new construction project, the opportunities are boundless.
Don't let this extraordinary chance slip through your fingers. Schedule your showing today to explore the untapped potential of this Lake Alfred property. Create your own opportunities by turning your commercial dreams into a vibrant reality in this thriving Florida community. Act now and secure your place in the future of Lake Alfred's business landscape!
Features
- Rooms: 3
- Bedrooms: 3
- Baths: 2 full
- Lot Size: 80 x 97.5
- Year Built: 1926
- Heating: Other
- Cooling: Other
- Approx Sq. Feet: 1,126
- Acreage: 0.18
- Lot Size: 80 x 97.5
- Est. Taxes: $2,221
- Appliances: Microwave, Range Hood
- MLS#: P4927917
- Days on Market: 178 days
- Website: https://www.raveis.com
/prop/P4927917/1155slakeshoreway_lakealfred_fl?source=qrflyer
Listing courtesy of KELLER WILLIAMS REALTY SMART 1 Phone: 863-508-3000
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1155 S Lake Shore WAY, Lake Alfred, FL, 33850
$165,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $132,000 | $132,000 | $132,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
| Monthly Tax Payment | $185 | $185 | $185 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $856 | $867 | $1,105 |
| Total Monthly Payment | $1,116 | $1,127 | $1,365 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388