Discover this prime 5, 000 square foot (+/-) commercial building situated on approximately 4. 68 acres (+/-) in Sorrento, offering versatile zoning under CP classification. Ideally positioned in a rapidly expanding area, this property enjoys proximity to key transportation routes including the Beltway, Central Florida Expressway, and Wekiva Parkway, ensuring excellent accessibility and visibility.
The building is currently under heat and air conditioning, making it suitable for immediate occupancy or development. Its layout lends itself well to various potential uses such as a professional office or commercial-retail space, subject to Lake County approval to align with the Mount Plymouth-Sorrento Community Redevelopment Agency guidelines.
Infrastructure includes a 3-phase electric service line already running to the front electric breaker box, though the building itself does not currently have 3-phase capability internally. As of August 2023, the interior is serviced by 200-225 amps, with easy provisions for upgrading to accommodate higher electrical demands as needed.
This property presents a rare opportunity for entrepreneurs and investors seeking a strategic location in a burgeoning market. Don’t miss the chance to explore the possibilities this property holds for your business ventures. Schedule your showing today to envision the future of your enterprise in this dynamic and promising locale.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $83 | $83 | $83 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,562 | $6,562 | $9,114 |
Total Monthly Payment | $6,770 | $6,770 | $9,322 |
* 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.