Don’t miss this Premium Development Opportunity to own 4 continuous parcels totaling almost half an acre of High Visibility Commercial Property – Zoned “City Center”. The property starts on the corner of 501 East Marion and continues on 220 Milus Street, which is just a stone’s throw away from the Charlotte County Justice Center. All four lots have their impact fees completely paid and their water meters are already in place. The location is just minutes away from downtown Punta Gorda, the thriving medical district as well as convenient access to I-75. Your new business will enjoy maximum visibility and exposure. This property has truly Tremendous Potential! The existing home was used as a Vacation Rental and was completely remodeled in 2019 as a two bedroom, one-bathroom home with 1, 200 square feet of living space. The property also features a screened in lanai as well as a private laundry room with a detached 1. 5 car garage. This property is the perfect canvas for your new business success. Don’t miss out on this exceptional Commercial Opportunity. Contact me today to learn more or to schedule a viewing. Your future business endeavor starts here!
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William Raveis Real Estate
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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 | $508,000 | $508,000 | $508,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $248 | $248 | $248 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,087 | $3,087 | $4,015 |
Total Monthly Payment | $3,427 | $3,427 | $4,355 |
* 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.