Don't miss this rare opportunity to purchase TWO PARCELS WITH TWO BUILDINGS TOTALLY . 47 ACRES in the MAIN STREET MARKETPLACE ZONING OF SAFETY HARBOR. These properties are zoned for MULTI-USE commercial purposes as per the City of Safety Harbor. The property presents an excellent opportunity for developers considering construction possibilities of up to 35 FEET with COMMERCIAL AND RESIDENTIAL ABOVE, along with high density and limited setbacks. This property includes 526 2nd St N, and 155 5th Ave N. There are currently two buildings on the property that can offer income during a phased construction. Free standing bungalow with 1346 Sq. Ft. that has previously been a hair Salon in this same location for over 30 years, and a block building with 1270 Sq. Ft. currently leased as a restaurant, and plenty of private parking. This is a truly prime location just off Main Street that is filled with RESTAURANTS, festivals, FAIRS, Third Friday music and food, a gorgeous LIBRARY, tree-lined streets, MARINA, FISHING PIER and of course the SAFETY HARBOR SPA with its infamous HEALING WATERS!. Please do not disturb tenants, or walk property without appointment.
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Our Executive Mortgage Banker:
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$2,550,000
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 | $2,040,000 | $2,040,000 | $2,040,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,916 | $13,401 | $18,194 |
Total Monthly Payment | $14,041 | $13,526 | $18,319 |
* 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.