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LOCATION, LOCATION, LOCATION. Rare Turnkey Opportunity to operate in the heart of New Smyrna Beach. This unique 5 parcel property is currently operating as Courtyard Bar & Grill and Giftz upscale gift shop on the busy historic Flagler Avenue adjacent to one of the most visited beaches in Florida. Flagler Avenue is lined with shops, restaurants and three quaint hotels. The listed properties include a total of 2990 square footage. Retail 1170 sq. ft. with Flagler frontage. Restaurant 920 sq. ft. features gas stove and hood system, refrigerator, prep station and bar area with intimate feeling including bar stools and 3-4 tables. Bar also includes ice machine and beer tap. Courtyard features 900 sq. ft. of charming covered seating. A residential unit is located on the second floor directly above the gift shop. Well maintained 3 bedroom, 3 bath, 1440 sq. ft. open floor plan with a covered balcony facing Flagler and a covered rear patio overlooking the courtyard. The condo includes an enclosed one car air conditioned garage. The residence is perfect for Owner or Manager and is being offered at $420, 000 with the purchase of the commercial parcels
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,575,000
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 | $1,260,000 | $1,260,000 | $1,260,000 |
| 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% | 6.110% | 5.972% |
| Monthly Tax Payment | $121 | $121 | $121 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,154 | $7,554 | $10,463 |
| Total Monthly Payment | $7,400 | $7,800 | $10,709 |
* 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.