Prime Commercial Vacant Lot with Civil Engineering Complete and Permits in Process. Also availabe for lease.
Take advantage of this exceptional opportunity to own a prime commercial vacant lot located on Massachusetts Avenue, near downtown New Port Richey. Spanning an impressive0. 29 acres, this meticulously prepared site offers endless possibilities for your next commercial venture. The previous building has been removed, reducing the impact fees and providing a clean slate for your vision.
Key Features: - Location: Massachusetts Avenue, New Port Richey
- Lot Size: 0. 29 acres (12, 632 square feet)
- Surveys and Civil Engineering: Complete
- Permitting: In Process
- Building Removal: Previous structure already removed
- Impact Fees: Reduced due to building removal
Location: Situated on bustling Massachusetts Avenue, this commercial lot is strategically positioned near downtown New Port Richey, guaranteeing maximum exposure and easy accessibility. Benefit from the foot traffic generated by nearby businesses, shops, restaurants, and offices. With its convenient location, this property offers excellent visibility and is surrounded by a vibrant community.
Investment Potential: With civil engineering already complete and permitting in process, this vacant lot presents an exceptional investment opportunity for entrepreneurs, developers, or business owners looking to expand or establish a presence in this thriving area. The removal of the previous building further reduces costs and streamlines the development process.
The prime location and proximity to downtown New Port Richey make this property ideal for various commercial purposes such as retail outlets, professional offices, restaurants, or mixed-use developments. Take advantage of the city's recent revitalization efforts and be part of the exciting growth happening in this area.
Don't miss out on this rare chance to secure a commercial vacant lot with significant cost savings and endless potential. Act now to capitalize on this prime real estate opportunity. Contact us today to arrange a viewing or for further information.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $136,000 | $136,000 | $136,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $905 | $904 | $1,166 |
Total Monthly Payment | $980 | $979 | $1,241 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.