Three mixed-use commercial buildings are located in the Gulf Coast community of Citrus County in Historic Inverness, Florida, 3530 E Gulf To Lake Hwy. Building A, built in 1976, is a 2, 000 SF freestanding concrete block automotive service garage with three grade level roll-up doors and four automotive service hydraulic lifts fully equipped for operation. Building B, built in 1984, is a currently leased 816 SF freestanding frame retail store. Building C, built in 1979. Is a 4, 400 SF freestanding concrete block warehouse/storage facility with 5 units housing multiple tenants. Situated on . 79 acres of General Commercial zoned property fronting SR 44/Gulf to Lake Hwy (33, 600 AADT) with over 240’. The GNC zoning allows for a variety of high-intensity uses, including all retail, automotive, and warehousing, with a maximum lot utilization of 70%. Excellent location just . 75 miles east of a major retail cluster (home to Walmart, Lowes, TjJMaxx, OfficeMax, and several QSR/Restaurants and junior retailers). It is centrally located with easy access to Historical Downtown Inverness (3 miles W), Lecanto (10 miles E), and the completed 589 Tollroad (8 miles W), placing this property just 77 miles from Tampa International Airport. Citrus County is a growing community located in the Tampa-St Petersburg MSA, the 18th Largest in the nation. With a population of 155, 582 residences and growing annually at a rate of 1. 29%, Citrus is the 34th largest county in the State of Florida. Citrus County is large and land barren, with over 60, 000 vacant parcels green-lighted for development, plans to expand utilities across the county, and further improving and widening of several cross connecting highways.
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Our Executive Mortgage Banker:
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$399,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $327 | $327 | $327 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,178 | $2,122 | $2,737 |
Total Monthly Payment | $2,580 | $2,524 | $3,139 |
* 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.