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115 Washington Street, New Smyrna Beach, FL

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DetailMap
115 Washington Street

New Smyrna Beach, FL 32168 - South Beach Cities Submarket


Property Type:Land Parcel Size:.59 Acres
Zoning:10R5
For Sale Price:$1,900,000 Price/Acre:$3,245,644 Price/SF:$74.51

Topography:-
Proposed Use:-

On-Site Improv:Finish grade


This is a 1-acre site that was once approved for an 85-unit 89-bed ALF. Owners of the property had plans to develop the ALF but put the project on hold due to other interests.
Today, the owners are retiring and have decided to sell the property.
Asking price is $950,000
The project depicted in the Report is based on the approved project the Owners had in place in 2011.
Impact Fee Credits: In 2012 the City of New Smyrna Beach offered impact fee credits, the total amount being $155,364 for this project if completed before Dec 31, 2013. The Owner has indicated he will be able to revise this offer.
Construction to Perm Financing: CRES Corp International has available a Variable Rate Demand Bond (VRDB) program offering a low interest rate-low down payment structure.
CCI can assist by arranging a VRDB construction loan to convert to a long term permanent conventional or HUD loan after construction completion and business seasoning.
N Riverside Dr to East on Washington to Property.

Sale Notes:
This is a 1-acre site that was once approved for an 85-unit 89-bed ALF. Owners of the property had plans to develop the ALF but put the project on hold due to other interests.
Today, the owners are retiring and have decided to sell the property.
Asking price is $950,000
The project depicted in the Report is based on the approved project the Owners had in place in 2011.
Impact Fee Credits: In 2012 the City of New Smyrna Beach offered impact fee credits, the total amount being $155,364 for this project if completed before Dec 31, 2013. The Owner has indicated he will be able to revise this offer.
Construction to Perm Financing: CRES Corp International has available a Variable Rate Demand Bond (VRDB) program offering a low interest rate-low down payment structure.
CCI can assist by arranging a VRDB construction loan to convert to a long term permanent conventional or HUD loan after construction completion and business seasoning.
N Riverside Dr to East on Washington to Property.

CRES Corp International, LLC
Benny Spensieri
(813) 391-1545




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