2525 S 25th Street, Fort Pierce, FL, 34981 | $5,000

Excellent opportunity to lease this versatile facility well-suited for a preschool, daycare, private school, counseling or support/therapy groups, adult daycare, or professional office use. This 4, 028± SF building is located behind St. Nicholas Greek Orthodox and offers a functional layout with four large classrooms, each with its own bathroom. Two classrooms are equipped with sinks, and the remaining two are fully plumbed for future sink installation. $5, 000/month plus utilities. The property features ample parking, access to playground & playfield area, and is equipped with an alarm system and fire alarm system. The building is not separately metered for utilities; tenant will reimburse the owner for utilities at an agreed-upon rate. See More link to see The co-tenancy agreement must allow the owner to have use of the building on Sundays for Sunday School. (No Sunday School in June, July, or August). The owner must also have access to the space during the annual Greek Festival weekend for costume changing space. Also note that any use such as Day Care or PreSchool will require the building to be retrofitted with a fire sprinkler system. Please see attached estimate for $78, 400. The cost will have to be borne by the tenant for any use that requires a fire sprinkler system. Length of lease can probably be extended to help amortize this cost.

Features

  • Property Type: Business
  • Utilities: Sewer Connected, Water Connected
  • Units: 1
  • Zoning: Medium
  • Year Built: 1997
  • Acreage: 4.4
  • Est. Taxes: $110
  • MLS#: R11151869
  • Website: https://www.raveis.com
    /prop/R11151869/2525s25thstreet_fortpierce_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2525 S 25th Street, Fort Pierce, FL, 34981

$5,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $4,000 $4,000 $4,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.866%
Monthly Tax Payment $9 $9 $9
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $24 $25 $33
Total Monthly Payment $108 $109 $117

* 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.