A DEVELOPER/INVESTOR'S DREAM PROPERTY boasting 1100+/- FT on SR 80 just east of the City of LaBelle, FL and 900+/- FT on the intracoastal waterway, the Caloosahatchee River segment. This 31.47 acres is currently zoned agricultural with the benefit of an agricultural exemption for low taxes. Municipal water and sewer line availability must be checked with Port LaBelle Utilities. The Future Land Use is Western Oxbow Mixed Use which allows commercial, not only on SR 80, but would be encouraged on the river in the form of marinas, dining, accommodations, and recreational uses. Residential uses are allowed for 186 units with more a possibility. The Caloosahatchee River is situated between two locks for safety and is considered to be a "Safe Haven" for boaters during hurricanes.
1984 E State Road 80, Labelle, FL, 33935
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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