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Under contract-accepting backup offers. Auction Property. Luxury Live Auction February 12th, 2026! Bidding to start from $950, 000. 00! Located in the heart of historic downtown Bartow, 135 S Central Avenue presents a rare and valuable opportunity. This property is a single family home with multi-use. The second level of the building is a nearly 3, 000 square foot 3 bedroom 2 bathroom homestead property and the first floor offers two street-level commercial units, each approximately 1, 500 square feet, situated in a high-visibility area known for its walkability, charming boutiques, and steady foot and vehicle traffic. One of the units is occupied by “Sweet Magnolia’s, ” a well-established café that has been a community favorite for over ten years. In addition to daily dining, Sweet Magnolia’s offers private parties, catering services, and maintains a strong presence and affiliation with downtown Bartow events and initiatives. The building is being sold turnkey, fully furnished with high-quality commercial kitchen and catering equipment, providing immediate operational capabilities for new ownership. The Second commercial space is occupied and the tenant has a two year lease that is effective November 1, 2025. Above the commercial spaces, the second floor has been transformed into a spacious and homesteaded residential unit featuring three bedrooms, two bathrooms, an open-concept kitchen and family room, and a generous primary suite. The owner is willing to include the furnishings within the home as well. Each with their own private entrances makes these ideal Income producing properties individually or collectively as well. Each of the three units—two commercial and one residential—has separate utility meters, HVAC systems, and private access, allowing for flexibility in leasing or personal use. The roof is approximately two years old, there is a dry wood termite bond in place on the building that is transferable, and designated parking for residents. Whether you're seeking to own and operate a business, expand your investment portfolio, or live in the upstairs residence while earning income from below, this property offers unmatched versatility and value in one of Bartow’s most desirable locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
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 | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | $689 | $689 | $689 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,315 | $4,496 | $6,311 |
| Total Monthly Payment | $5,096 | $5,277 | $7,092 |
* 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.