AUCTION. $200,000 SUGGESTED OPENING BID PRICE.UNIQUE WATERFRONT DEVELOPMENT SITE ON BOOMING MIDWAY ROAD. 2.1 ACRES WITH OVER 500 FEET ON THE TRIBUTARY TO THE NORTH FORK OF THE ST LUCIE RIVER. IDEAL FOR WATERFRONT TOWNHOME COMMUNITY, SINGLE FAMILY HOME OR UNIQUE WATERFRONT RESTAURANT. OVER 500 FT FRONTAGE ON MIDWAY RD. ZONING IS CURRENTLY AR-1 WITH RU LAND USE. RU LAND USE POTENTIALLY ALLOWS REZONING UP TO 5 UNITS PER ACRE AND USES PERMITTED UNDER COMMERCIAL NEIGHBORHOOD ZONINGS (SUCH AS RESTAURANTS UNDER 6,000 SQ FEET). MAJOR DEVELOPMENTS COMING TO MIDWAY RD. INCLUDE New Amazon Distribution Center, Wave Garden Surf Park and a 1,970 acre development of 4,000 homes.
2221 W Midway Road, Fort Pierce, FL, 34981
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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