220 N 7th STREET, Haines City, FL, 33844 | $2,950,000

Situated in the heart of Haines City Downtown District, this commercial building offers first-floor accessibility and a prime location. Spanning two stories , the structure features reinforced 2nd-floor columns, ensuring stability and durability.

Equipped with five AC units, 3-phase amp, and a comprehensive security system including fire and burglar alarms, this property is prepared for various business endeavors. The 2nd floor is enhanced with three exhaust fans on the roof, promoting a comfortable environment.

The 1st-floor auditorium boasts impressive 26' high ceilings, while the remainder of the 1st floor features 12' ceilings. The 2nd floor offers separate rooms with 9' ceilings, although some ceiling repairs may be required.

Currently configured with 2-3 apartment setups, this versatile space also includes a cashiers cage and a safe room. A separately deeded parking area adjacent to the building adds to the convenience.

This property presents an excellent opportunity for investors or business owners, with tons of potential uses. Prospective buyers are encouraged to check with the city for possible uses and explore the diverse possibilities this property offers.

Features

  • Property Type: Business
  • Construction: Concrete
  • Utilities: Electricity Available, Phone Available, Public, Water Connected
  • Garage: 19 to 30 Spaces, Curb Parking
  • Cooling: Central Air
  • Year Built: 1926
  • Approx Sq. Feet: 12,166
  • Acreage: 0.55
  • Est. Taxes: $8,155
  • MLS#: P4928877
  • Days on Market: 36 days
  • Website: https://www.raveis.com
    /prop/P4928877/220n7thstreet_hainescity_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 5/9/2024 9:17:10 PM)
Listing courtesy of KELLER WILLIAMS REALTY SMART 1   Phone: 863-508-3000

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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220 N 7th STREET, Haines City, FL, 33844

$2,950,000

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 $2,360,000 $2,360,000 $2,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.014% 6.915%
Monthly Tax Payment $680 $680 $680
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,900 $15,504 $20,884
Total Monthly Payment $16,705 $16,309 $21,689

* 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.