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PRIME INVESTMENT OPPORTUNITY IN THE HAMMOCKS OF PALM COAST! MIXED-USE PLAZA WITH UNTAPPED POTENTIAL! Unlock a world of possibilities with this exceptional mixed-use property, perfectly positioned in the highly desirable Hammocks of Palm Coast! This meticulously crafted plaza offers immediate income potential with three commercial spaces and two luxury residences above. The plaza features three prime commercial spaces, two of which are currently occupied, and one is ready for immediate occupancy or tenant placement. This offers excellent visibility and access on N Ocean Shore Blvd, making it ideal for retail, professional services, or boutique businesses. Developed with meticulous attention to detail and no expense spared, the plaza boasts elevator access to the second level, a comprehensive fire and alarm monitoring system, and underground stormwater. The luxurious second-floor apartment offers expansive living with four primary suites, each featuring its own ensuite bathroom. A unique dual kitchen design, with a full kitchen at each end, provides incredible flexibility to easily separate the space into two independent, two-bedroom luxury suites – perfect for extended family, short-term rental income, or future resale. Enjoy spectacular outdoor living on the completely covered wrap-around porch. Experience the grandeur of 12' ceilings in each bedroom and impressive 16' ceilings throughout the rest of the apartment, complemented by custom wood grain molding and doors. Adding significant value, the adjacent 2 properties to the south are available for separate purchase, providing an additional 100 feet of valuable frontage on N Ocean Shore Blvd and expanding the land by . 26 acres. for a total of 1. 16 acres and 300 feet of frontage. Contact us today for more information, including financial details, and to schedule a private showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,599,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,279,200 | $1,279,200 | $1,279,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.121% | 5.979% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,263 | $7,669 | $10,623 |
| Total Monthly Payment | $7,388 | $7,794 | $10,748 |
* 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.