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Presented by
Laurie Bellico - The Laurie Bellico Team |
Prime Commercial Opportunity – 3705 Old Lewis Speedway (1. 09± Acres with Warehouse) Outstanding corner commercial offering at 3705 Old Lewis Speedway (CR-16A) featuring 1. 09± acres with excellent visibility, access, and existing income potential. The property includes a 13, 363± SF warehouse/office building, currently leased to a custom cabinetry facility with showroom, office, and production space, providing immediate functionality for owner-users or investors. The site is entitled under the Harwil Fixture Company PUD, allowing a wide range of Community Commercial uses with flexibility for office, service, light industrial, cabinet/millwork, trade or vocational schools, galleries, small appliance repair, and related operations. Existing improvements include established parking, loading area, and a 24’ commercial driveway for efficient access and circulation. Located within the City of St. Augustine Utility Service Area, the property is currently served by well and septic. PUD provisions allow outdoor business operations from 6 AM–8 PM, with flexible office/support use hours. Positioned within an established “cottage industry” corridor near the St. Johns County Courthouse, Sebastian Middle School, St. Augustine High School, and convenient SR-16/US-1 access, this property offers exceptional centrality and connectivity. Additional Opportunity: The adjoining 1. 19± acre vacant corner parcel at 3695 Lewis Speedway is available for purchase separately or in combination, offering expansion, redevelopment, or investment upside for buyers seeking additional land in this high-demand commercial corridor. Ideal for owner-users, investors, or businesses seeking immediate occupancy with future expansion potential in one of St. Augustine’s most accessible commercial locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,350,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 239.293.9389
Laurie.Bellico@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 | $1,880,000 | $1,880,000 | $1,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.259% | 6.203% |
| Monthly Tax Payment | $779 | $779 | $779 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,971 | $11,423 | $15,865 |
| Total Monthly Payment | $11,874 | $12,326 | $16,768 |
* 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.