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Rare find close to downtown with unobstructed views of San Sebastian River, marina and winery from upper levels. Zoned Medium Density/Mixed Use. Great opportunity to build office/business space with vacation rentals, multi unit Air Bnb, retail and more. Seller has plans for 2 high end side by side residential units or a separate mixed use plan with offices down, 2 residential units up and a detached residential/business space in the rear. Approved to go to 40 ft. Double lot is sub dividable. Bikable to downtown and access to multiple marinas nearby. Right across from the new 2 Creeks Restaurant overlooking the river or walk to Marina Munch. Survey with topo and tree is included. Sewer and water availability with separate meters for each unit available. Soil borings available. Traditional foundation, no pilings needed. There are so many ways to utilize this property to fit your needs in this rare offering so close to downtown. The seller is a builder and can build either of the preliminary plans he had designed for the lot. If you have been looking for the perfect place to build offices for your business, an investment project or a work live scenario this could be your answer.
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$479,000
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 |
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|---|---|---|---|
| Loan Amount | $383,200 | $383,200 | $383,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,328 | $2,420 | $3,182 |
| Total Monthly Payment | $2,403 | $2,495 | $3,257 |
* 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.