|
Under contract-accepting backup offers. Investor Special | Mixed-Use Opportunity with High Upside
82 Concord Drive in Castleberry, Florida presents a rare chance to acquire a flexible mixed-use property with immediate utility and long-term redevelopment potential. Situated on a 0. 36-acre fully fenced lot, this property is zoned for both residential and commercial use—making it an ideal asset for investors, developers, and business owners alike.
The existing 2-bedroom, 1. 5-bath structure can generate immediate income as a rental, office, or live/work space while you plan future improvements. The true value lies in the land and zoning flexibility.
Investment Highlights:
Dual zoning allows for a wide range of income-producing uses
Ideal for warehouse, mechanic shop, contractor yard, or small business operations
Ample space for equipment storage, fleet parking, or recreational vehicle storage
Strong potential for redevelopment into duplexes or multifamily units (buyer to verify)
Large, fenced lot provides security and functionality for commercial tenants
High demand for flexible-use properties in growing Central Florida markets
This property is perfectly suited for investors seeking multiple exit strategies:
Hold & Rent: Generate cash flow from residential or commercial tenants
Owner-User: Operate your business while building equity
Redevelop: Maximize land value with higher-density residential or mixed-use concepts
With limited inventory offering this level of zoning flexibility, this is a strategic acquisition for those looking to capitalize on growth, rental demand, and redevelopment potential.
Unlock the full value of this asset—schedule your showing today.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$330,900
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $264,720 | $264,720 | $264,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $120 | $120 | $120 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,585 | $1,671 | $2,198 |
| Total Monthly Payment | $1,780 | $1,866 | $2,393 |
* 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.