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A prime high visibility redevelopment opportunity in this . 46 acres on bustling Silver Springs Boulevard. A former Hess Mart gas station and convenience store of 911sf with extra large 2906sf canopy above the building. The City supports redevelopment of this site and seller can provide prior approved redevelopment plans of a drive thru concept.
The seller provides the following understanding from the State of Florida Department of Environmental Protection: "The site has 4 closed-in-place underground storage tanks in 2013 and the state accepted the site into the Early Detection Incentive (EDI) program and performing test and clean up on a prior fuel discharge [Hess Station, FL DEP Facility ID# 42/8511379, Discharge Date 12/28/88]. Current testing and treatment are performed at the expense of the State via monitoring and treatment injection wells. Treatment continues by the State and if property owner decides to remove the building structure at owner's expense, the State will pay to remove those tanks and contaminated soil and bring the land up to its existing shape and give the Owner a permanent clean status. If the Owner decides to keep the building in place, those treatments will continue at the State expense until it is remediated. " The environmental condition has a minimal impact on redevelopment and the seller will provide latest reports and help put buyer in touch with appropriate state agency contacts for further information.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $314 | $314 | $314 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,745 | $2,890 | $3,683 |
Total Monthly Payment | $3,151 | $3,296 | $4,089 |
* 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.