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Location, location, location! Don’t miss the opportunity to own one of the only prime oceanfront commercial parcels in Flagler Beach! Featuring 100 feet of frontage on iconic A1A and the Atlantic Ocean, this extra-deep property is one of the last of its kind in the downtown Flagler Beach area. Ideally situated across from the beach and just a short walk to the famous Flagler Beach Municipal Pier and the new hotel, this incredible site is the perfect spot for your restaurant, bed and breakfast, boutique hotel, or retail location. Highly desirable Tourist Commercial (TC) zoning designation allows for short-term lodging, dining establishments, gift shops, entertainment facilities, resort condominiums and more. At 100 feet wide and nearly 120 feet deep, this lot not only offers double the frontage of a standard lot, it is 20% to 50% deeper than many of the properties in the downtown Flagler Beach vicinity. Build up to 3 stories high and capture mesmerizing, unobstructed views of the ocean and the shimmering sands of the beach. This site is located just a half-mile north of SR-100, which is the closest connecting road to the mainland. The proximity to SR-100 and many restaurants, shops and tourist points of interest in downtown Flagler Beach create a flow of steady traffic from the south, in addition to the many potential customers traveling to and from St. Augustine and The Hammock, which are located just north. This is the opportunity you’ve dreamed of- don’t miss it!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 6.865% | 6.686% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,486 | $7,783 | $10,453 |
Total Monthly Payment | $7,611 | $7,908 | $10,578 |
* 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.