
531 N US HIGHWAY 17 92 Longwood, FL 32750
3,460 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,460 sqft
Price per Sqft $375
Subdivision Dunn Legacy
MLS Listing ID O6389797
HOA Y/N No
Year Built 1973
Annual Tax Amount $4,553
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Retail
Source Stellar MLS
Property Description
*****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*****
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$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!!!!
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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.
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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!!
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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!!!
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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!
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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.
Location
State FL
County Seminole
Community Dunn Legacy
Area 32750 - Longwood East
Zoning C-2
Interior
Cooling Other
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Owner Financing, Private Financing Available
Listing Terms Cash, Owner Financing, Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6389797








