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A rare opportunity in Historic Downtown Kissimmee, Osceola County, and even Central Florida for that matter- 10, 000 sf street retail with solid steel frame construction, yet with beautiful historic architectural notes throughout. 'L' shaped ground floor with two storefronts- one facing bustling Broadway Ave and all the street/pedestrian traffic that entails, and the other facing Darlington Ave and only 50 ft away from the entrance to a City's 400 space public parking garage. 18, 406 total square feet; 10, 006 square feet on the 1st floor, but can be subdivided. 2nd floor an additional 8, 400 sf, with conceptual drawings showing apartments but can also be leased for commercial uses. Two stairwells- one in the front, one in the rear. Elevator. Permitted uses include but not limited to: gym/exercise facility, indoor recreation, micro-brewery, retail, restaurant, indoor market, performing arts/dance, multi-family on 2nd floor, AirBnb, plus many more permitted and even more conditional uses. Community Redevelopment Agency grant funding available. "Connect Kissimmee" currently breaking ground on Emmett, Broadway and Main will boost ambiance and walkability of this entire cooridor through widened sidewalks, new landscaping, and increased lighting, so get locked in now while you can. Blocks away from the Kissimmee Lakefront Park, Sunrail, Osceola County Courthouse, Kissimmee City Hall, hospitals, all within Osceola County, the 5th fastest growing county in the State of Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$312,800
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $250,240 | $250,240 | $250,240 |
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 | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $775 | $775 | $775 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,561 | $1,644 | $2,095 |
Total Monthly Payment | $2,411 | $2,494 | $2,945 |
* 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.