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531 Us Highway 17 92, LONGWOOD, FL 32750
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531 Us Highway 17 92
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  • MLS#: O6389797 ( Commercial Sale )
  • Street Address: 531 Us Highway 17 92
  • Viewed: 1
  • Price: $1,599,900
  • Price sqft: $462
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 3460
  • Days On Market: 2
  • Additional Information
  • Geolocation: 28.7051 / -81.3269
  • County: SEMINOLE
  • City: LONGWOOD
  • Zipcode: 32750
  • Subdivision: Entzminger Farms Add 3
  • Provided by: REALTY HUB
  • Contact: DuNaMis Dunn
  • 407-900-1001
  • mfrmls
  • DMCA Notice
  • Description
    12.5 CAP RATE!!! ?? ############################################################################################# 15 Unit C 2 Zoned retail plaza. Located on a busy 6 Lane Hwy! Fully leased right now and with 1 owner occupied space (owner will stay and pay), and still has over $200k NOI right now! ############################################################################################# This is a chance to own a commercial property without having to fall on your face with rejection from banks!! Most banks want 30pct or more as a down payment, tax returns, excellent credit, etc. Many private money and hard money lenders want 40 50pct down and rates are high as the clouds fly, at around 12 15 pct plus 2 6 pct loan origination! That is nearly 20 pct for the first year! What a waste!!! ############################################################################################# Put just 25pct DOWN PAYMENT ($399,975) and with a low interest rate of just 9.9pct ($9,899 monthly payment) with a balloon payment in 5 years. ############################################################################################# Even after debt service, you can cash flow $80k/year at the current occupancy (one owner occupied office)!! And it will only get better from there with leases having annual rent escalations BUILT IN. Invest less than $400k down and get back $80k/ year!!!! Or, pay cash and sky is the limit!! It is a great investment no matter which way you look at it! All while your asset is constantly appreciating, and even more since the area is really changing a lot as of lately. ############################################################################################# Contact me today and lets get the ball rolling in your direction.
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Other
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. WLY 300 FT OF NLY 60 FT OF LOT 18 & W 150 FT OF S 12.5 FT OF VACD ST ADJ ON N ENTZMINGER FARMS ADD NO 3 PB 6 PG 27
Living Area
  1. 3460.00
Area Major
  1. 32750 - Longwood East
Net Operating Income
  1. 200007.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 33-20-30-503-0000-018C
Property Type
  1. Commercial Sale
Road Frontage Type
  1. Highway
Tax Year
  1. 2024
Township
  1. 20
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6389797
Year Built
  1. 1973
Zoning Code
  1. C-2
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com