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PRIME LOCATION - (B-1) ZONING. Own a highly visible 0. 181-acre (7, 875 SF) corner site on W Broward Blvd, the primary gateway into downtown Fort Lauderdale. Uses include Automotive, Retail, F&B, Mixed Use, & Office. Frontage of 75 ft along W Broward Blvd & 105 ft along SW 12th St. Directly east of the new $150M Fort Lauderdale Police HQs. Positioned within a rapidly growing corridor leading into downtown, just blocks from nearly 1M approved residential units, plus planned office, retail, and a potential hotel development. Connectivity is unmatched-less than 1 mile from Brightline high-speed rail and under 1 mile to I-95. Operating as Chen's Garden restaurant. Tenant to vacate upon sale. Ideal for 2nd-Gen restaurant or prime redevelopment in one of Fort Lauderdale's most active growth zones.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,650,000
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 | $2,120,000 | $2,120,000 | $2,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.361% | 6.183% |
| Monthly Tax Payment | $959 | $959 | $959 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,710 | $13,053 | $17,890 |
| Total Monthly Payment | $13,794 | $14,137 | $18,974 |
* 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.