531 N US HIGHWAY 17 92, Longwood, FL 32750
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531 N US HIGHWAY 17 92, Longwood, FL 32750
531 N US HIGHWAY 17 92, Longwood, FL 32750
531 N US HIGHWAY 17 92, Longwood, FL 32750
531 N US HIGHWAY 17 92, Longwood, FL 32750
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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

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*****
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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


Stellar MLS
Listed by DuNaMis Dunn REALTY HUB
Blaine Wyker
Blaine Wyker

Agent | License ID: SL#3443428

+1(386) 479-0456 | blaine@uncagedrealtor.com

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531 N US HIGHWAY 17 92