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5055 North Ocean Shore Blvd is a premium office building located on A1A in the affluent coastal Hammock area of booming Palm Coast, FL. Over 6000 cars daily pass by this A1A location. The area enjoys a rapidly growing population of high-income professionals and second homeowners. Short term vacation rentals are permitted at this location. There is versatility at this property to have both business and short term rental, or reside upstairs and have your business below. The luxury residential and resort communities of Hammock Dunes and Hammock Beach Resort are nearby, Yacht Harbor, as is the future Ritz Carlton Residence. The site combines curb appeal and a corner location on A1A with high visibility. This prime location is 3500 feet from the beach. The 2014 square foot, 2 story building is masonry featuring an elegant stucco façade with columns supporting a deep covered entrance enhanced by large windows. The entrance and ground floor is wheelchair accessible. Enter into a light flooded reception area with ample space for desks and furnishings to the left, and a conference room to the right accessed by double glass paned French doors. A large office at the rear of the ground floor currently accommodates a 6-cubicle workstation plus office essentials. A rest room is located to the rear. The second floor is accessed by a stairway. At the landing, a kitchenette provides a sink, refrigerator and generous countertop space plus cabinetry. 2 upper offices include a rest room in each. A third office opens onto a covered balcony via sliding glass doors. The balcony includes an exterior stairway exit. There are ample storage closets in both the first and second floor. Palm Coast has experienced substantial growth in recent years. The local economy is diverse, with key employment sectors including healthcare, retail trade, hospitality, seafood, and food services. The city's proximity to Jacksonville, Orlando, and the Space Coast provides businesses with access to a highly educated and skilled workforce. Palm Coast is just 60 miles south of Jacksonville and 80 miles northeast of Orlando enabling it to draw significant business from these larger markets. Don't miss this premier investment opportunity in fast growing, desirable Palm Coast.
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:
$749,000
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 | $599,200 | $599,200 | $599,200 |
| 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 | $399 | $399 | $399 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,589 | $3,783 | $4,976 |
| Total Monthly Payment | $4,080 | $4,274 | $5,467 |
* 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.