Historic retail strip center in the booming Downtown Kissimmee redevelopment area!
Comprised of two, 2 story buildings, built in 1910 and
1920. Recent renovations include, new floor is some of
the 2nd story office suites, bathroom remodels, 2 HVAC
units, newer roof, exterior paint, walking deck on the
rooftop. Zoned T5-M which supports retail, restaurants,
office, residential above retail and hospitality in the
same building and allows vertical development. Second
building has an apartment with full kitchen, bathroom
currently used as an office. The building has an active
restaurant on site and an end cap, 2nd Gen restaurant
with grease trap, drain and hood system already in place,
being used as an office at around 3,500 sqft with
outdoor patio. Great opportunity to revert back to a
restaurant with rooftop patio. The CRA has several
grants in place for Facade improvement, restaurant
buildout, Historic preservation and rooftop activation for
bars, patios and events. Reduced parking requirements,
shared parking and public garage behind the building.
All information must be verified with City of
Kissimmee planning and Zoning and the CRA.
Kissimmee, FL, 34741
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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