1. 10 acres with visibility from Commercial Way (U. S. Highway 19)
C-2 Zoning (Retail) - While currently being utilized as office professional, the zoning classification permits a large range of uses including but not limited to the following; convenience store, public offices, business training schools, restaurants, indoor commercial amusement establishments, motels, hotels, funeral homes, retail food stores, veterinary clinics, automotive dealer/service establishments, retail plant nurseries, boat sales and service, etc.
The building comprises five rental units. Units 1 and 2 are 575 sf each. Each unit has an office / reception area, two private offices and a private bathroom. Each unit has its own entry/exit and electricity metered separately.
Unit 3 which is in the center of the building features 2500 sf and consists of a large lobby / reception area, waiting room, 792 sf conference room, storage room, kitchen, 2 bathrooms and 6 private offices.
Units 4 and 5 mirror units 1 and 2, however the wall separating these two units has been removed expanding this office to 1350 sf.
At present the entire building is being utilized by the Boys and Girls Club of Hernando County. It is important to note that the current use is not a representation of the highest and best use as is legally permitted within the C-2 zoning classification.
The improvements are youthful, having been constructed in 2011 and have been recently updated. The site is just to the east of Commercial Way (U. S. Hwy 19 N. ) with an annual average daily traffic count of 38, 500 vehicles each day.
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$1,650,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $1,386 | $1,386 | $1,386 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,452 | $8,561 | $11,590 |
Total Monthly Payment | $9,963 | $10,072 | $13,101 |
* 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.