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Commercial Workshop in DeLand. Rare mixed-use opportunity on New York Ave/ State Road 44. Mixed use zoning allows for a residential home and commercial workshop. The 1926-built house offers 2711 sq ft of potential living space; featuring 4 bedrooms, 2 bathrooms, and a basement for added storage. Future build-out potential in attic. At one point, the house was configured as a 3/1 + 1/1 duplex, the home is ideal for live–work conversion or income-producing setup. The home's floor plan is also ideal for a waiting/reception area, showroom/front of house set up with private back offices and space for a conference room. Set on a 75 × 300 lot (½ acre), the property includes a detached 1, 400+ sq ft commercial workshop, formerly used as a body shop. The property is FULLY FENCED and offers street access from both State RD 44/New York Ave and Wood St. Advertise your business on a main state road and access the property privately from the back entrance. Zoned Blue Lake Elementary, Deland Middle and DeLand High School.
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Our Executive Mortgage Banker:
Our Insurance Division:
$199,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $159,999 | $159,999 | $159,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $103 | $103 | $103 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $959 | $998 | $1,329 |
| Total Monthly Payment | $1,137 | $1,176 | $1,507 |
* 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.