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Do not pass on Polk City FL; an I-4 community right in between Tampa and Orlando. This C-2 zoning space and corner location on state Rd 559 is prime immediate potential. This location can be a solution to meet the needs of many services the Polk City residential demands. Previous owner made it into a restaurant and still has some kitchen equipment for a 2nd Gen Restaurant. Let's check the boxes of what this can be. You want a bakery - Got it. You want a nail salon - Got it. You want a QSR - Got it. You want a barber shop - Got it. You want an insurance office - Got it. You want a spa/massage establishment - Got it. You want a medical office - Got it. You want an auto dealership start up - Got it. You want general retail - Got it. You want a professional law/real estate firm - Got it. You want a dog grooming/ daycare - Got it. You want a financial/bank consulting firm - Got it. You want a tutoring/learning center - Got it. You want a coffee/cafe - Got it. You want a bike sales/repair shop - Got it. You want a computer/ phone sales and repair - Got it. You want a jewelry sales/repair - Got it. You want a good Location - Got it. You want a corner space with visibility - Got it. This is a traffic friendly corner that provides great visibility, for easy left in and left out flow for your future customers. Polk City was one time a small community and has experienced tremendous growth in the last 5 years along state rd. 33. The building is a triplex opportunity that already has 3-meter electric boxes if you want to generate a 3-unit commercial space revenue.
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Our Executive Mortgage Banker:
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$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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | $416 | $416 | $416 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,366 | $2,495 | $3,268 |
| Total Monthly Payment | $2,874 | $3,003 | $3,776 |
* 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.