Prime Intersection Property: High Visibility, Corner Lot, Exceptional Potential*Situated at the bustling intersection of State Rt. 776 S McCall Rd and Winchester Blvd, this high-profile corner lot offers a prime location for diverse business opportunities. Boasting a generous 0. 68 acres of land and an impressive ~398 ft. of road frontage, this property is a strategic investment with numerous possibilities. High Visibility: Positioned at a busy intersection, this property enjoys high visibility, ensuring that any business established here will benefit from maximum exposure to passing traffic. Exceptional Road Frontage: With ~398 ft. of road frontage, the property provides an expansive and eye-catching facade, allowing for various signage and promotional displays. Strategic Location: Adjacent to major businesses, including RaceTrac, Super Walmart, Starbucks, Burger King, Advance Auto Parts, Extra Space Storage, Synovus Bank, medical facilities, a veterinarian clinic, and various dining options, the property is at the heart of a thriving commercial hub. Versatile Potential: The 0. 68-acre lot offers a blank canvas for various commercial/residential/multifamily ventures. Whether you're considering retail, dining, medical services, or other business opportunities, this property provides the space and visibility needed for success. Proximity to Beaches: Located near the beautiful beaches at Manasota Key, the property benefits from the draw of tourists and locals alike, enhancing its appeal for businesses catering to a diverse audience. Investment Opportunity: Recognized as a prime location, this property represents a great investment opportunity with the potential for significant returns. Its proximity to major businesses and amenities ensures a steady flow of potential customers. This corner lot is not just a piece of real estate; it's a gateway to success in a thriving commercial landscape. The strategic positioning, exceptional road frontage, and diverse surroundings make it a standout opportunity for investors and entrepreneurs seeking a lucrative venture in a high-traffic area. Buy & Hold for Future Development. Owner/Broker
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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 | $71,920 | $71,920 | $71,920 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $478 | $478 | $607 |
Total Monthly Payment | $553 | $553 | $682 |
* 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.