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Confidential Commercial Offering – Prime SR44 Corridor | New Smyrna Beach
Rare opportunity to acquire a 2. 3± acre street-to-street parcel with exceptional visibility and over 400 feet of frontage along highly traveled SR44 in New Smyrna Beach, east of I-95. With an FDOT reported average daily traffic count of approximately 24, 500 vehicles, this property offers outstanding exposure in one of the area’s most desirable growth corridors. Currently zoned R-5, the site presents strong potential for commercial rezoning or redevelopment as a Planned Unit Development (PUD) with the City of New Smyrna Beach. The existing 2, 900± square foot building features a brand-new roof and approximately 10 on-site parking spaces. Strategically located in the heart of NSB near schools, established neighborhoods, shopping, and just minutes to the Atlantic Ocean, this property offers significant upside for investors, developers, or end users seeking a high-visibility location. All interested parties must execute a confidentiality agreement to receive additional details.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.164% |
| Monthly Tax Payment | $489 | $489 | $489 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,003 | $7,195 | $10,126 |
| Total Monthly Payment | $7,617 | $7,809 | $10,740 |
* 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.