![]() |
This is one of only two commercial parcels in the City of Redington Beach. It boasts an exceptionally prime corner location directly on Gulf Boulevard comprising . 176 acres with 95’ of frontage on Gulf Blvd and 80’ on 164th Ave. The zoning provides a myriad of options. From the City of Redington Beach: “Zoned for the construction of buildings and use of same for multi-family dwellings or apartments and/or for purposes of transacting retail business, professional or business offices, or other businesses other than manufacturing, industrial, or medical marijuana facilities; excepting, however, the handling or sale of beer wine or other intoxicating beverages wholesale or retail, for consumption on or off, such as the sale of beer, wine or intoxicating beverages hereby strictly prohibited. ” The building itself is solid concrete block and proved to be ‘built like a bunker. ’ It has just shy of 1600 acsf on the interior; with 9'4" ceilings; windows in every room except for the kitchen; and, enjoys ample parking. There are 12 delineated spaces, and, more can be parked in a pinch. (It has been done!) Alas, the building took on water in Hurricane Helene and is down to the studs on the interior. It was professionally remediated by Mold & More, who were on site only a few days after the storm. It was almost certainly one of the first parcels to be completely and professionally remediated. It is odor and mold free and ready for its next adventure. CLO2 gas was used Day 1 of remediation and the last day to ensure that no microbial growth would subsequently occur. The drywall was removed to 7'. The electrical panel, updated in 2019, was above the water line and not part of the insurance claim. The waterline from storm surge was approximately 45". The space is not a blank canvas, as the floor plan and sturdy studs still exist. But if you are looking for a blank canvas, it can easily be just that! It is located across the street from a lovely municipal park aptly named, Friendship Park. Here well attended local community events are often hosted, giving this location a front and center marketing spot for meeting and greeting with locals and those that wish they were locals! The current configuration has eight private offices, seven of which are approximately 7’8” X 8’10. ” There is a larger office at the front of the building that is 12’ X 10. ’ All offices have a window. Only the kitchen area and restrooms do not enjoy natural sunlight. The large reception area measures 17’ X 12’9. ” There is plenty of space for holding meetings/gatherings in the 21’ 7” X 10’7” conference room, which enjoys natural sunlight from three windows! You will be pleased to know that additionally, there is a 7’5” X 6’7" storage room. Finally, there are two restrooms and a small copy room/kitchen that is 6’3” X 8’10. ” The property had a FEMA Appraisal completed with improvements pre-storm being valued at $405, 000. As you can see from the photographs, and floor plan there are a host of options for its use; and, as already mentioned, the zoning is quite flexible. The photos here show before and after. The Owner and her team enjoyed their 7 years in this enviable spot. It is time for 16401’s next adventure. (All measurements are approximate and should be verified. )
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:
$995,000
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 | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $428 | $428 | $428 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,837 | $5,097 | $6,879 |
Total Monthly Payment | $5,357 | $5,617 | $7,399 |
* 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.