Under contract-accepting backup offers. LOCATION LOCATION LOCATION!!!! With all the growth going on in Edgewater, this is a fantastic location for your business! This 1+ acre, (100x445) of prime highway property is located in the heart of Edgewater just one block north of SR 442, within the Opportunity Zone Program for businesses and one block to the river. It's a high-traffic area (Annual Average Daily Traffic 27, 500) that is growing fast and would welcome your business. This commercial property is currently zoned MH-1 and has other options within city zoning description. City rezoning is an option. This vacant parcel sits right next to another vacant lot (100x350) which combined together would give you 200 feet of US1 frontage for your potential business. Once again rezoning would be a must for this but with all of the homes (over 1000) in Edgewater being built and with all the new communities popping up Edgewater needs (shopping, restaurants, etc. ) If Highway commercial is not what your looking for then Imagine building your dream home on this beautiful wooded lot only a block from the river. NO HOA so enjoy your property the way you want to. These lots wont last long so call today and lets walk the property. I dont think you will be disappointed. ; Cleared: Partial ;Water: Available at Site ;Water: City
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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 | $223,920 | $223,920 | $223,920 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,490 | $1,488 | $1,888 |
Total Monthly Payment | $1,565 | $1,563 | $1,963 |
* 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.