4.04 acre lot is conveniently located in Sawgrass Corporate Park, a highly coveted tourist destination near the world-famous Sawgrass Mills Mall complex. This land is approved by the City of Sunrise for an upscale lifestyle hotel which offers a unique opportunity for investment in an area where there is currently no other land available to build a hotel. The current zoning of the land is framed by the B-3 General Business District standard. The property is within the Coverage Zone of the super zones "Western Sunrise Area" and "Western Sunrise Entertainment District", which allows Mixed uses, Commercial, Hotel and Offices. A minimum of 250 rooms (including suites) of at least 350 square feet (32.51 M2) is allowed with the aim of encouraging development with all services and amenities.
Sunrise, FL, 33323
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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