|
|
**Prime Commercial Redevelopment & Auto Dealership Opportunity**Positioned on one of Broward County's highest-traffic corridors, 1771 S State Road 7, Fort Lauderdale, offers an exceptional opportunity for investors, owner-users, and automotive operators. Located directly across from Gunther Volkswagen and just north of I-595, this highly visible property benefits from over 50, 500 vehicles per day and easy access from both northbound and southbound State Road 7 (US-441). The property consists of a freestanding commercial building situated on 1. 064 acres (46, 346 SF). The site features approximately 100 parking spaces and is zoned B-3, allowing for a variety of commercial uses, including a used car dealership. Renovation work has been initiated, and the property is intended to be delivered with a Certificate of Use for a used car dealership. However, construction will not be completed by the seller, creating a unique value-add opportunity for a buyer to customize the property to their specific business needs. The property is being offered AS-IS. Rare chance to acquire a highly visible commercial asset in one of South Florida's most active retail and automotive corridors. **Property Highlights: **• Lot Size: 1. 064 Acres (46, 346 SF)• Building Size: 14, 046 SF• B-3 Zoning – Multiple Commercial Uses Permitted• Traffic Count: 50, 500+ Vehicles Per Day• Approximately 100 Parking Spaces• Prime Automotive, Retail, Service, or Redevelopment Opportunity
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.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:
$3,950,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,160,000 | $3,160,000 | $3,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,693 | $19,200 | $26,666 |
| Total Monthly Payment | $18,818 | $19,325 | $26,791 |
* 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.