Commercial property on large lot with seasoned tenants in place with a 7.5% CAP Rate. Excellent condition with tenants taking care of the maintenance. 1.45 acres lot with additional space for additional square footage or parking. Excellent visibility with 115’ of highway frontage on busy 17-92 with 31,450 vehicles per day. Current structure on site is a former retail center/showcase for prominent local pool builder and consists of office space with covered porch and two enclosed pools. Zoning is Orange City commercial CG-1. City sewer and water tied in, plus an old well on the site. Lots of new development and population growth in the area.
317 S VOLUSIA AVENUE, Orange City, FL, 32763
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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