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Under Construction. UNDER CONSTRUCTION OPPORTUNITY WITH EXISTING WAREHOUSE UNITS - Exceptional opportunity to own a versatile industrial/commercial property in the heart of Edgewater. Situated on a fully fenced and secured site with an electric keypad entry gate, this property offers both existing income potential and significant expansion opportunities. The property features an existing 3, 400-square-foot warehouse currently configured with multiple small-bay units ranging from approximately 510 to 720 square feet, providing flexibility for multiple tenants or owner-user occupancy. The existing building also includes a 220-square-foot office creative reconfiguring opportunity to accommodate a variety of business operations. Adding tremendous value is a new 7, 250-square-foot warehouse currently under construction. This impressive 145' x 50' precast concrete building features 20-foot clear ceiling heights, five oversized 14-foot roll-up bay doors, and plumbing stub-outs for future restrooms. The design allows for convenient subdivision into multiple units or customization to suit your specific operational needs. Located on a paved site and zoned Commercial B-2 (Neighborhood Business), this property offers excellent flexibility for contractors, service businesses, warehousing, light industrial users, distribution, storage, and other permitted commercial uses. The secure layout, modern construction, and adaptable floor plans make this a rare opportunity in one of Southeast Volusia County's growing commercial corridors. Whether you're seeking an owner-user facility, investment property, or business expansion location, 2724 Hibiscus Drive delivers the space, security, and flexibility to support your success.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,150,000
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 | $1,720,000 | $1,720,000 | $1,720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.086% | 6.183% |
| Monthly Tax Payment | $621 | $621 | $621 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,037 | $10,312 | $14,514 |
| Total Monthly Payment | $10,783 | $11,058 | $15,260 |
* 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.