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An exceptional opportunity in the heart of Wilton Manors Art and Entertainment District. Signalized corner on Wilton Dr. Situated in the premier shopping, dining & entertainment destination of WM. It presents a clean slate for repositioning and repurposing. Suitable for a range of retail, a signature restaurant, bar or upscale lounge, entertainment venue, café/ coffee shop with open air seating, boutique retail, Pilates/yoga studio, professional office space. There are variety of configurations options available. Few outdoor spaces: the courtyard, patio on the back, terrace on the second floor and paved area. Building is facing to Wilton Drive. The space for a potential restaurant is 2. 300sf. ft @ $70psf plus CAM. Other spaces for retail from 800-1600sf. ft $40psf plus CAM.
An option for leasing the second-floor open air terrace with adjacent +/- 500sf. ft unit for inside sitting. It could be prefect for roof top cocktail lounge, or connected to the space downstairs for true indoor-outdoor entertainment concept. Wilton Manors is known as recognized destination for both domestic and international tourism. Interested parties are encouraged to contact us directly to discuss multiple use options and schedule a tour of the property.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$70
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 | $56 | $56 | $56 |
| 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 | 6.358% | 6.524% | 5.866% |
| Monthly Tax Payment | $2,790 | $2,790 | $2,790 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $0 | $0 | $0 |
| Total Monthly Payment | $2,865 | $2,865 | $2,865 |
* 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.