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Presented by
Ernest Tollja |
Prime West Augustine Commercial Property with Unlimited Growth Potential! Introducing 72 S Dixie Hwy, a versatile property with commercial zoning (CM-2) located within the city limits of Historic St. Augustine and in the heart of booming West Augustine district. Spanning 4 lots over 1. 15 acres, this is an ideal opportunity for homeowners, investors, entrepreneurs, or developers - offering endless potential for various mixed use with a highly lucrative return on investment. Create your dream compound. This property offers a rare mix of immediate income and future growth potential. Beyond its current use, the additional parcels allow for exciting possibilities: build another structure, create an income-producing nightly vacation rental or construct an additional private multi-family residence on the back lot - offering the ultimate live-work opportunity. The existing concrete block building has been expertly designed around a modern concept featuring vaulted ceilings with exposed rafters, skylights and intricate white-washed wood detailing, antique Bank window, concrete floors and track lighting throughout - creating a bright welcoming space. Ideal for a nightly rental, retail, offices, a commercial studio and much more. The building features a bathroom, ADA accessibility, ample parking in place, and potential to expand. Recent updates include interior design, metal roof, plumbing, HVAC, interior/exterior paint and spray foam insulation. *Contact us directly for details and to schedule a private tour of this notable commercial property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
Sales Associate
William Raveis Real Estate
Phone: 646.775.0207
Ernest.Tollja@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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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 | $880,000 | $880,000 | $880,000 |
| 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 | 6.312% | 6.235% | 6.203% |
| Monthly Tax Payment | $807 | $807 | $807 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,206 | $5,347 | $7,426 |
| Total Monthly Payment | $6,138 | $6,279 | $8,358 |
* 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.