What will soon be 2701 Fruitville Rd, after you buy it. Sarasota City passed earlier in the year, up to 75 units/acre, high density residential. Endless commercial applications as well. 270' of frontage, 150' deep, 3 access points, 50000 cars a day, a perfect rectangle. Very few properties of this scale with the correct future land use pencil out these days, this one does. Inquire with listing agent about those density bonuses if you prefer multifamily development. The cherry on top, this property includes a 3/2 single family home, roughly 20k gross annual income back to your pocket while you wait for standard approval process'. Want more? The seller would consider holding paper for well qualified buyers.
128 N Briggs AVENUE, Sarasota, FL, 34237
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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