531 N Us Highway 17 92 Longwood, FL 32750
For Sale MLS# O6389797
3,460 sq ft Commercial
Details for 531 N Us Highway 17 92
MLS# O6389797
Description for 531 N Us Highway 17 92, Longwood, FL, 32750
COMMERCIAL REAL ESTATE FOR SALE WITH SELLER FINANCE!! *****ABSOLUTELY NO LOI (LETTERS OF INTENT) WILL BE ACCEPTED. THEY WILL NOT EVEN BE VIEWED, AND WILL BE TRASHED, INSTANTLY. ALL OFFERS ON COMMERCIAL FARBAR CONTRACTS WITH PROOF OF FUNDS ATTACHED***** **************** **************** **************** $1,299,900 and SELLER FINANCE with $650,000 DOWN!! 0 PRCT PAYMENTS FOR 36 MONTHS AMORTIZED FOR 25 YEARS, AND BALLOON IN 36 MONTHS. YES, ZERO INTEREST!!! HEAVY CASH FLOW EVEN AFTER PRINCIPAL PAYMENT! AND EVERY $1 PAID IS PAYING DOWN THE BALANCE ON THE PROPERTY! WOW!!! Also, will take the loan out an additional 24 months, total of 60, but a rate would be negotiated if this extension is wanted/needed. 0 PRCT is good for 36 months!! Nice way to pay it down then refi to an actual lender!!!! **************** **************** **************** **************** **************** Option 2: Seller Finance with only $260k down, but at 8 Perct interest amortized at 25 years with a 36 month balloon. Or 10 Perct interest for a 60 month balloon. This is a great deal as it's superior to any hard money, private money, and is even competitive with conventional loans, as NO BANK will finance you for just 20 Perct down on an investment commercial property!! Don’t miss out! Payments amortized at 25 years. **************** **************** **************** **************** **************** **************** **************** Option 3: $150k DOWN, 8 Perct Payments and Balloon in 12 months. Very short term, same as a hard money loan, but with no points or bogus fees at closing! Payments amortized at 25 years. Also Hard Money would require 40-50 Perct down... so this is a great opportunity you won't see often!! **************** **************** **************** **************** **************** **************** **************** Option 4: The "CASH ME OUTSIDE" option!!! Knock off $200K from the price and let's get closed in 30 days!!! What a great deal and way to 1031 Exchange into a cash-flowing asset rather than rushing just to hold a useless property just to avoid capital gains!!! Don't sleep on this one!!! **************** **************** **************** **************** **************** **************** **************** NOI: $114k (net operating income) which includes seller lease back of a few of the units. Once seller leaseback terminates in 5 years, your NOI will be closer to $200k!! Price lowered tremendously with this new deal structure!! Acquire the property for far less money than the original price and your return is still pretty nice off the bat, and once the leaseback terms out, you will be earning even more at around $200k+ which is an even better return. **IF YOU DO NOT WANT A LEASEBACK TO THE SELLER, WE CAN WORK OUT A NUMBER TO MAKE THAT MAKE SENSE, TOO!!** Don't miss your chance to dance! **************** **************** **************** **************** **************** **************** 15-Unit Retail building. Frontage of 6-lanes of traffic on US Hwy 17-92. North Orlando FL area. So close you can walk to the auto auctions! (AutoNation Auto Auction and Orlando Longwood Auto Auction) Tenants are auto dealers. Perfect chance to set up a dealership and make money on rent and cars!! We can also include in the sale helping you set up your very own auto dealership!!! Building recently renovated so looks new inside. No nasty carpet anywhere. LVP & tiled floors.
Listing Information
Property Type: Commercial, Retail
Status: Active
Lot Size: 0.35 Acres
Square Feet: 3,460 sq ft
Year Built: 1973
Construction: Block
Subdivision: Dunn Legacy
Foundation: Slab
County: Seminole
Utilities
Cooling: Other
Driving Directions
Coming from Winter Springs side....Take 434 towards Longwood and turn right on N 17-92. Drive up about 1/2 mile and pass Maaco on your right, Ztech on your right, and the turn is on your right, as soon as you pass the bus stop.
Financial Considerations
Terms: Cash,Owner May Carry,Private Financing Available
Tax/Property ID: 33-20-30-503-0000-018C
Tax Amount: 4553
Tax Year: 2024
A broker reciprocity listing courtesy: REALTY HUB
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 531 N Us Highway 17 92
Sales History
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Tax Summary
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Schools
Schools nearby 531 N Us Highway 17 92
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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