Oversized .22 acre Multi-Family lot in the heart of Sarasota. Only 1 mile from the Beach! And 1.5 miles from shops, restaurants, entertainment, and more. Zoning allows for any size multi-family development (limited only by lot size and County approvals). The lot is level and mostly clear, with only a few trees along the West property line. Access is from 25th St, but property also has frontage on Martin Luther King Jr Way which provides great visibility for future residents as well as convenient foot access for current residents. Similar nearby lots are already developed for multi-family residential use and a large mixed-use development project is planned about 1 mile away.
Subdivision:
FIRST ADDITION TO NEWTOWN
Utilities
Electricity Available, Sewer Available, Street Lights, Water Available
Lot Description:
Buildable, Level, Oversized Lot, Sidewalk
00 Dr Martin Luther King Jr WAY, Sarasota, FL, 34234
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
