|
A rare coastal commercial property offering unmatched visibility and income potential in Ormond by the Sea. Located directly across from the Atlantic Ocean with littoral rights, this freestanding building is positioned in one of the most trafficked and desirable stretches of coastal Florida. Currently home to a well-established ice cream shop, the sale includes the real estate only giving investors and commercial buyers a unique opportunity to acquire a property with a proven track record of drawing consistent daily traffic from locals, vacationers, and beachgoers. The seller is willing to negotiate the inclusion of select chattel and equipment, but the existing business name is excluded from the sale. This flexibility makes the property ideal for multiple uses. With limited commercial properties available along this coveted stretch of coastline, this property represents a secure, high-visibility investment opportunity with significant upside potential. Please do not disturb the current staff or patrons during business hours; all inquiries must be directed to the listing agent.
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:
$795,000
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 | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.583% | 6.533% | 5.764% |
| Monthly Tax Payment | $423 | $423 | $423 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,762 | $3,968 | $5,193 |
| Total Monthly Payment | $4,277 | $4,483 | $5,708 |
* 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.