3075, 3087 Cherry LANE, Clearwater, FL, 33759 | $2,099,000

39FT ELEVATION, Superior Cement & Metal Frame HELPS in every HURRICANE! Looking 4 a perfect office & a Penthouse residence in a mixed use building w SELLER FINANCE on 1 million in 1st position at 6. 5%? Once in a Lifetime Opportunity for End-User to convert this LMDR Mansion into Mixed use / Medical office / hotel & possibly add a Penthouse floor on rooftop to live luxuriously w stunning Water View. 2 PARCELS included: 3075, 3087 Cherry as u may need extra parking 2 convert. Property offers quick access location w INCREDIBLE HIGH TRAFFIC driving by daily - see traffic count pic & Notes on Conversion to Hotel, Office, Mixed Use or Medical Office Institutional Use Enclosure of 11 page took years to research - Buyer to verify all info incl sqft, zoning mod, building q & advised to consult proper professionals 4 due diligence. *No info or conversion guaranteed. We consulted an attorney who successfully completed conversions to I (Institutional) use for most surrounding properties; he estimates the conversion legal costs to be $15, 000, result NOT guaranteed but most likely a Medical Office use win Institutional Zoning for end user would make sense if the buyer is end user & hires proper professionals incl civil engineer, architect & a zoning attorney to do the conversion. RaceCarMansion was originally built at "no cost spared budget" by an arrogant Aerospace engineer/ multi millionaire who brought IndyCar Racing to Tampa & wanted team mates to stay on site & his kids to attend the leading private school next door (Calvary school that owns most surrounding parcels & converted them to I use). PAYOFF of Mortgage + Renovation Loans + closing cost >$2ml pls do NOT waste seller time with lower offers Property appears to have been originally built to a superior commercial st&ard while including high end residential details like a stunning cheff's kitchen w oversized subzero side by side refrigerator & freezer, German Miele appliances - ovens, gas cooktop, dishwasher, built-in coffee maker, wine cooler & 3 costly copper sinks! To commercial standard are signaling cement w metal reinforcement construction, built in fire protection system w ceiling sensors w sprinklers area activation, firefighter hose hook-ups on every level, 3 phase power, oversized huge elevator & multi zone Commercial Daikin HVAC. 1st floor: storage & XXL garage w 2 bays 16' wide * 7' tall door is the largest; 2nd lvl: front entry foyer - main doors just replaced - flex space w cement floors, 2 wall AC Daikin units (presently used for storing & shipment); 3rd level: 4 master suites ea w walk-in closets, ensuite baths; video tech room w $200, 000+ in equipment that runs the 40 tv wall on the 4th floor; laundry room & living room; 4th level: office; chef's kitchen adorned in cherry wood; top of the line appliances; surround sound & video entertainment system w 32 smart tvs, dining room, living rooms so large - one used to hold a full size Antique Mercedes. 5th: ; Walk Out Water View rooftop terrace. Terrace has cameras looking in 4 directions transmitting to TV walls of the 4th floor - replacing the window views. Will u add a Penthouse or Hottub to Rooftop w views of Tampa Bay & Bayside Bridge? This property gem offers great work & office space making this LUXURY residence a perfect executive home / retreat. Check out virtual tours, youtube attached materials. Is this YOUR Medical Office Building awaiting you? Buy turn key: just $49k 4 appliance - furnishings - decor package

Features

  • Property Type: Mixed Use
  • Construction: Concrete, Metal Frame
  • Utilities: Water Connected
  • Garage: 6 to 12 Spaces, Ground Level
  • Levels: 4
  • Heating: Central, Natural Gas, Other, Zoned
  • Cooling: Central Air, Zoned
  • Units: 1
  • Lot Size: 105 x 100
  • Year Built: 2012
  • Approx Sq. Feet: 6,900
  • Acreage: 0.25
  • Est. Taxes: $22,138
  • Lot Desc: Corner Lot, Landscaped, Near Golf Course
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • MLS#: U8245057
  • Days on Market: 147 days
  • Website: https://www.raveis.com
    /prop/U8245057/3075_3087cherrylane_clearwater_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 9:17:07 PM)
Listing courtesy of KELLER WILLIAMS ST PETE REALTY   Phone: 727-894-1600

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NMLS Mortgage Loan Originator ID 16953

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3075, 3087 Cherry LANE, Clearwater, FL, 33759

$2,099,000

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 $1,679,200 $1,679,200 $1,679,200
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 $1,845 $1,845 $1,845
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,752 $10,891 $14,743
Total Monthly Payment $12,722 $12,861 $16,713

* 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.