Prime 1-acre vacant lot nestled in a coveted locale minutes from Windermere and Winter Garden and minutes by one of the most sought out communities in all of Florida, Isleworth. This lot is currently zoned Commercial - Planned Development, offering a plethora of commercial development opportunities. Strategically positioned for neighborhood-centric ventures, envision a dynamic array of possibilities such as a daycare center, self-storage units, or a retail strip building to cater to the bustling community or a medical office building or a religious facility like church. Additionally, explore the potential to rezone for residential use, unlocking the opportunity for 3 triplexes, 4 duplexes, or 4 single-family homes, catering to the growing demand for housing in the area. With its flexible zoning and strategic location, this blank canvas presents an exceptional investment opportunity for savvy developers or investors seeking to capitalize on the vibrant market dynamics of this thriving neighborhood. Don't miss your chance to shape the landscape of tomorrow's commercial and residential scene – seize this opportunity now. Located close to Advent Health Apopka and Health Central Hospital. All Civil Engineering work on the site has been completed. Bring your architect
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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 | $335,200 | $335,200 | $335,200 |
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 | $2,230 | $2,228 | $2,827 |
Total Monthly Payment | $2,305 | $2,303 | $2,902 |
* 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.