Presented byLee Hollis |
Are you ready for your next investment? If so, you have found it; this property is full of potential. It is a multi-use property, located at a busy and desirable intersection in Osceola County with close access to FL Turnpike. This property includes 10. 05 gross acres, with one acre representing submerged land/retention pond, resulting in a net site size of 9. 05 acres, or about 394, 218 square feet, with about 435 feet frontage along the north side of Fortune Road.
The property consists of a single legally identified parcel that has been analyzed and valued as three separate parcels based on current and potential uses. Parcel A includes 2. 45 acres along the north side of Fortune Road. Although currently vacant, it was previously improved with multiple modular offices that included direct access, on-site parking, and utilities. The modular buildings have been removed and this parcel is suitable for retail/commercial development. Parcel B consists of . 85 acres and is improved with a 9, 000 square foot (net size) retail building constructed in 2010. The building has multiple entrances and is suitable for multi-tenant commercial use. The balance, or 5, 625 square feet is encumbered by a lease to My First Academy Day Care through July 31, 2026, at a current rate of $10. 82 per square foot, based on net terms. To the east side of the property the area is used as a recreational space consisting of a Soccer Field, Baseball Field and a Volleyball Area. Access to Fortune Road is through Parcels A and B, or through the main sanctuary/school property to the east. It is suitable for secondary commercial or institutional use.
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$6,500,000
Sales Associate
William Raveis Real Estate
Phone: 203.209.4785
Lee.Hollis@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.521.7207
Christine.Preston@raveis.com
NMLS Mortgage Loan Originator ID 90874
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,200,000 | $5,200,000 | $5,200,000 |
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% | 6.989% | 6.936% |
Monthly Tax Payment | $1,554 | $1,554 | $1,554 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,033 | $34,160 | $46,015 |
Total Monthly Payment | $36,712 | $35,839 | $47,694 |
* 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.