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94 SW FT KING, Ocala, FL, 34471 | $2,200,000
In the heart of fast growing downtown Ocala for sale is this fully functioning 45 space parking lot. This parking lot is vital to the downtown area and provides a great location for visitors. Weekends, holidays and events bring parking challenges with the towns main garage even reaching full capacity. The parking equipment is currently leased and the buyer can continue the lease or have the equipment removed. The parking lot can be redeveloped into 12 Town homes, 20+ condos, Mixed-Use, Restaurant, Bar, Brewery, Spa Salon, Boutique Hotel, Event Venue and more if desired. The owner has designed the site for a future 24 unit apartment project but you could do whatever you want with the property. The Concept design is included with the sale. The seller has a recent survey available which also would be transferred with the sale along with an Environmental study indicating the site is clean. Across the street, 110 SW Fort King (vacant lot) is also for sale by the same owner. See MLS listing OM707230 The property value for this property will only increase with time as more nearby land gets redeveloped. The seller has a concept design and 3D images for the proposed design available.
Features
- Property Type: Mixed Use
- Construction: Other
- Garage: Curb Parking, Ground Level, Over 30 Spaces
- Cooling: None
- Year Built: 2022
- Acreage: 0.29
- Est. Taxes: $5,672
- MLS#: OM707323
- Days on Market: 232 days
- Website: https://www.raveis.com
/prop/OM707323/94swftking_ocala_fl?source=qrflyer
Listing courtesy of OAKSTRAND REALTY Phone: 888-912-5258
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
94 SW FT KING, Ocala, FL, 34471
$2,200,000
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 | $1,760,000 | $1,760,000 | $1,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | $473 | $473 | $473 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,271 | $10,552 | $14,733 |
| Total Monthly Payment | $10,869 | $11,150 | $15,331 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388