Introducing a rare opportunity in the heart of the highly-desirable West King area – 230 West King St. This prime CM-2 zoned property is now available for sale at an incredible price, offering a unique canvas for your investment dreams to come to life. Whether your vision entails a retail space, office building, or a mixed-use development, this property sets the stage for success. Strategically positioned directly on West King Street, the property benefits from high foot and road traffic, ensuring visibility and accessibility for businesses. Moreover, its proximity to major highways, bustling commercial hubs, and a thriving local economy enhances its appeal for various ventures. The vibrant community surrounding the area adds to the allure, attracting both residents and tourists with its rich history, stunning beaches, and diverse recreational offerings. With 8 on-site parking spots, convenience is paramount for customers and employees – a rare commodity in the West King locale. Additionally, a sign pole with power ensures customers can find your business easily both day and night. Exciting developments are on the horizon with the planned W King St Mobility Project, set to introduce over 700 parking spaces, mixed-use facilities, and potential commuter rail access to King St & Downtown St. Augustine. This initiative promises even greater exposure and opportunities for businesses in the area, making it an ideal time to secure your position in this thriving market. Whether you're a business owner seeking a strategic location or an investor eyeing prime West King real estate, 230 West King St presents an unparalleled proposition. Don't miss out on the endless possibilities – schedule your appointment today and unlock the potential that awaits at this remarkable address!
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:
$825,000
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 | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.903% | 7.014% | 7.041% |
Monthly Tax Payment | $647 | $647 | $647 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,502 | $4,336 | $5,886 |
Total Monthly Payment | $5,241 | $5,075 | $6,625 |
* 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.