Under Construction. Prime commercial development site located on a busy Clearwater/Largo intersection at South Highland Ave. and Belleair Rd. Over 90' of frontage on South Highland Ave with high visability, easy ingress/egress, and ample parking. Current owner has secured approvals for a 2750 SF commercial building perfect for retail or office on this site. This site is the southern portion of the corner lot and includes a completed parking lot, curbs and sidewalks. Save thousands of dollars and the effort of dealing with the city to construct the parking lot because the parking lot will be already be completed. There is a sewer tie-in for this lot and utility connections available. Your main job is to simply construct the building. A lot of the work has already been done for you. Current owner of the property is building a dentist office on the northern adjacent lot. Buyer must agree to not develop a dental office/practice on this lot. Flexible zoning allows for various commercial uses. Surrounded by thriving businesses district, including restaurants, shopping centers and a densily populated neighborhood with a favorable demographic. Easy access to major transportation routes, beaches, hospitals and more. Don't miss out on this incredible opportunity to establish your business in one of Clearwater/Largo's busiest commerce areas. All Zoning and use regulations to be confirmed by buyer with local authorities. Frontage, square footage, taxes and boundaries presented are approximate and may change per final decision from local zoning/planning authorities.
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$700,000
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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $626 | $626 | $626 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,726 | $3,722 | $4,723 |
Total Monthly Payment | $4,444 | $4,440 | $5,441 |
* 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.