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There are 2 lots that front State Road 60, W. in Lake Wales, The parcel on the East side is the former Manny's Restaurant. Two lots west is another commercial business The 3 lots behind the front 2 parcels have access/ frontage to Bullard Ave.
There are a total of 5 lots included in the purchase / sale of this property. The Future Land Use is Residential Office and the Zoning is Professional use according to the City Of Lake Wales.
There is a total of approximately 1. 13 acres. Mid Florida Credit Union is across the highway. The SR 60 / US 27 exit is just west of this property so an excellent location for a new business!
All information should be verified by buyer and with the City of Lake Wales during the Buyer's Due Diligence Period.
Buyer is advised to obtain a Survey. Buyer is Responsible to verify exact location of property by obtaining a current survey. Seller, Listing Agent, Broker will not be held liable for cost of survey if buyer not satisfied with the location of the property after survey is completed.
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Our Executive Mortgage Banker:
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$400,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $320,000 | $320,000 | $320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.132% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,817 | $1,917 | $2,572 |
| Total Monthly Payment | $1,892 | $1,992 | $2,647 |
* 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.