|
Imagine the possibilities: perfect for a growing small business, an owner-user looking for a permanent home, or a savvy investor seeking excellent rental income potential. Benefit from assigned parking and the vibrant business community around you, including auto mechanics, screened enclosure installers, painters, HVAC companies, pool supply businesses, and bakers.
Don't miss this rare opportunity to secure a low-maintenance, income-producing asset in a well-maintained complex. This is more than just a property; it's a strategic investment in your business's success. Located in the heart of Palm Coast's thriving commercial corridor, this light industrial unit offers the ideal blend of functionality and location. This is a real estate listing for the sale of two commercial units, 5K and 5L, located in Palm Coast, Florida. The seller is offering both units together for a total of $370, 000. The units combined highlight 2, 000 square foot space, plus a dedicated 400 sq. ft. office with 2 private bathroom, 12-foot overhead door for a seamless access and new wall A/C ! It is presented as a low-maintenance, income-producing property with a monthly HOA fee of $315 /unit and an average rental income of up to $1, 800 / unit.
The listing emphasizes the property's prime location within the commercial and industrial corridor of Palm Coast. Property details: Two units (5K and 5L) combined for a total of 2, 000 sq ft Asking price: $370, 000 Monthly HOA fee: $315/ unit ($941 quarterly) Average rental income: up to $1, 800 / unit Location: Palm Coast, Florida, within a commercial and industrial corridor Assigned Parking: Convenient assigned parking spaces are included. Established Location: Situated in a well-maintained complex, the property offers excellent visibility and access to major roadways. Thriving Network: Join a community of established businesses, including mechanics, painters, and HVAC companies, for valuable networking opportunities.
Low Fees: The monthly HOA fee is $315/ unit, making it a cost-effective investment. Versatile Space: The combined 2, 000 sq. ft. offers flexibility for a wide range of business uses, including a combination of office, shop, and storage space. Functional Layout: The units include a total of 1, 600 sq. ft. of shop area and 400 sq. ft. of office space, which features private bathrooms and a new wall A/C unit in one office. Easy Access: A 12-foot overhead door provides simple access for deliveries, equipment, and vehicles. Income Potential: This low-maintenance property has strong rental income potential, with an average rental income of $1, 500/unit. Assigned Parking: Convenient assigned parking spaces are included.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$185,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $148,000 | $148,000 | $148,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | $173 | $173 | $173 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $852 | $886 | $1,180 |
| Total Monthly Payment | $1,100 | $1,134 | $1,428 |
* 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.