1103 N Ponce De Leon Blvd, Saint Augustine, FL, 32084 | $1,000,000

This commercial building is advantageously located along the main commercial thoroughfare within the City limits of St. Augustine, with a combined 224ft of frontage on N Ponce de Leon Blvd (aka US 1), and 0. 28 acres, more or less. This location is zoned CM-2 and offers excellent visibility with AADT for 2021 of 38, 000 vehicles per day with surrounding uses include Zaxby’s, Mc Donald’s, Pizza Hut, professional offices, hotels and neighborhood commercial establishments. Excellent opportunity to purchase this one story, professional office/retail building with on-site parking containing a total of 1, 080 SF of gross building area. This property is currently tenant occupied on a month-to-month basis by a spa and could be purchased for future personal office/retail or restaurant use or as an investment. Please do not approach existing tenant or employees. Showings are by appointment only.

Features

  • Current Use: Office Building,Retail
  • Parking: 6-car
  • Zoning: CM-2
  • Lot Size: 224x77x246x19
  • Year Built: 1988
  • Approx Sq. Feet: 1,080
  • Acreage: 0.28
  • Est. Taxes: $4,530
  • MLS#: 224865
  • Days on Market: 98 days
  • Website: https://www.raveis.com
    /prop/224865/1103nponcedeleonblvd_saintaugustine_fl?source=qrflyer
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Listing courtesy of Keller Williams St Augustine

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1103 N Ponce De Leon Blvd, Saint Augustine, FL, 32084

$1,000,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $800,000 $800,000 $800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $378 $378 $378
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $5,122 $5,122 $7,024
Total Monthly Payment $5,592 $5,500 $7,402

* 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.