COMMERCIAL LAND IN HERNANDO BEACH (Hernando County, FL) that offers a unique opportunity for businesses looking for a prime waterfront location!
With a total of 10 acres, this property consists of 4 +/- acres of buildable uplands and 6 +/- acres of wetlands, providing ample space and opportunities for new planned development : : Zoned CM-1, this parcel is located in growing Hernando Beach and boasts (approx. ) 1, 000’ of frontage along Shoal Line Blvd. : : Electric available at the site : : Water and waste available at the street and will require county planning : : Highest and best use: Multi-family Resort Complex, Marine Storage – Boat and Trailers, Hotel, RV Park, Conservation/Education Center, Manatee Conservation Park : : Previously approved for 42-unit resort and Environmental Education Center : : This property is connected to the future planned Hernando County Boat Ramp parking lot : : Located immediately north of the Shoal Line Blvd. / Osowaw Blvd. junction and directly across from the Hernando Beach water tower : : Shoal Line Blvd. features a variety of restaurants within a short commute of this property : : Retail stores and medical facilities are also within a 4-mile radius of this site : : Hernando Beach is minutes from Weeki Wachee Springs which is legendary for being known as "home of the mermaids" : : Weeki Wachee Springs also offers lots of activities including kayaking, swimming, camping, tubing and wildlife viewing : : Boasting a myriad of wide open wetland views throughout this site, you’ll experience tranquility and limitless opportunities for an assortment of business ideas and concepts : : Onsite you will also find a large pond with redfish, crabs, and other species and is connected to the Gulf via wetlands and many natural water ways : : There is a planted buffer along Shoal Line Blvd. with Wax Myrtle, Queen Palms, Areca Palms, Bougainvillea, Cabbage Palms, Coconut Palms, Banana Trees and Pine Trees : : Value is in the land! And with so many things to do in Hernando Beach like boating, dolphin watching, water skiing, fishing, scalloping, picnicking or just playing in the sunshine, your new development project will add value and significance to the community’s expansion and allure : : Call today for additional property details.
*** Please reference this link for additional allowable uses in CM-1: https: //library. municode. com/fl/hernando_county/codes/code_of_ordinances?nodeId=PTIICOOR_APXAZO_ARTIVZODIRE
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,097 | $5,163 | $6,989 |
Total Monthly Payment | $5,189 | $5,255 | $7,081 |
* 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.