Fantastic location on Bayshore Rd which is a main corridor from I75 to Cape Coral. Approximately ½ acre zone C1-A with many Commercial & Residential uses. High Traffic Counts and great visibility on Bayshore Rd. Addresses are 1402 Washington Drive & 1407 Lincoln Avenue fronting Bayshore Road. Seller prefers to sell both together however would entertain selling them separately 1/4 acre each at $82, 500. Survey’s & Permitted use codes available upon request. The area is surrounded by plenty of existing residential and commercial businesses. 300 feet of frontage on Bayshore Road. Make this location your next Restaurant, Garden Apartments, Offices, Retail, as well as many other uses. Great for an investor to build-lease and cash flow. Easy access to Highway 41 (Tamiami Trail), Interstate 75, Cape Coral, Fort Myers and surrounding areas. This is a growing area of Fort Myers
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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 | $66,000 | $66,000 | $66,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $439 | $439 | $557 |
Total Monthly Payment | $514 | $514 | $632 |
* 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.