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Presented by
The Magyar Team |
Seize the opportunity to develop one of the few fully permitted commercial sites remaining in the rapidly growing St. Augustine market. Located along highly traveled Shores Boulevard, this cleared and shovel-ready lot offers a premium location surrounded by established residential communities, retail centers, and service businesses. All county approvals and permits are in place, with architectural and engineering plans ready for immediate construction. The approved development encompasses over 24, 000 square feet of mixed-use retail, commercial, and office space, ideal for medical offices, professional suites, boutique retail, dining, or service-based businesses. This property provides exceptional visibility and accessibility, with utilities in place and direct access from Shores Blvd. The surrounding area continues to experience strong population growth and increasing demand for local services, making this a rare, turnkey development opportunity in a growing area of Saint Augustine. Highlights: Fully permitted and county-approved for 24, 000+ sq ft of commercial space Cleared and ready for immediate development Prime location on Shores Blvd with strong traffic and visibility Ideal for retail, office, or mixed-use applications Rapidly expanding St. Augustine market with strong demographics
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.912.7800
TheMagyarTeam@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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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% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | $237 | $237 | $237 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,315 | $4,557 | $6,311 |
| Total Monthly Payment | $4,644 | $4,886 | $6,640 |
* 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.