INVESTMENT/ DEVELOPER POTENTIAL! PRIME LOCATION and versatile zoning provide the potential for substantial returns. Seize this rare chance to secure a prime commercial property of a HUGE 1. 08 acres with road frontage on 3 SIDES-Cooper St, Booth St and Virginia in one of Punta Gorda's most desirable locations nearly encompassing A WHOLE CITY BLOCK. Zoned for mixed-use, this sale includes 2 homes ( one a HUGE 2808 sq ft and other 1271 sq ft) with hurricane shutters, new roofs and ready to be remodeled, a convenient 1560 sq ft metal Warehouse with 16 ft ceilings 3 phase electric, LED lighting, epoxy floors, 20 kw propane generator, raised a/c, insulated, add outside attached storage and with newer electric overhead 10x 14 rollup doors and detached 2 car garage 25 x 30. PLUS local income producing restaurant that has been famous with locals well over 30 years still with a lease for instant income. Great flexibility is here for various development options including retail businesses, professional offices, residential development, and mixed-use projects or a combination of these. CENTRALLY LOCATED, this parcel is merely minutes from downtown Punta Gorda, the bustling medical district, historic area, BRAND NEW Sunseeker Resort and with convenient access to I-75, this property is an ideal foundation for launching a new venture, expanding an existing business, or investing in a promising area. The area is rich in nearby amenities creating a vibrant environment for both businesses and individuals. With Punta Gorda's expanding economy and vibrant community experiencing remarkable growth with a population of nearly 210, 000 in Charlotte County ( growth rate of 1. 72 in past year) and over 21, 000 just in Punta Gorda, this parcel represents an ideal investment opportunity and boasts excellent connectivity to major transportation routes, ensuring easy access for customers, clients, and residents. Approx. 1 mile from Downtown Punta Gorda is alive with shops, restaurants, waterfront parks, boat ramps, fishing piers, walking and biking paths, art galleries, events, and much more! NO HOA, CITY WATER AND SEWER! Don't let this exceptional commercial opportunity pass you by!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $1,077 | $1,077 | $1,077 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,187 | $6,017 |
Total Monthly Payment | $5,579 | $5,356 | $7,186 |
* 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.