Located at the bustling intersection of NEC 49th St. N. and 68th Ave. N. in Pinellas Park, FL, this prime commercial lot boasts access and
location, with a zoning designation of B-1 (General Commercial District). The lot spans approximately 24, 799 square feet, according to county records, and features an impressive frontage of 98 feet on 49th St. N. and 253 feet on 68th Ave. N. Not only is this property strategically
positioned in a highly visible location, but it also sits in Flood Zone X and Evacuation Zone D, ensuring peace of mind for any potential investor. In addition, the traffic counts on the north side of 49th St. N. range between 27, 000 and 34, 000 ADT, making it an attractive option for
businesses seeking high traffic exposure. The soil composition of the lot is Wabasso and Urban soil, characterized by sandy and loamy marine
deposits, making it suitable for a wide range of potential development types. With General Commercial zoning, this property has the potential to be transformed into various businesses, such as auto service stations, auto repair facilities, brewpubs, car washes, convenience stores, drive-in/drive-thru businesses, financial institutions, retail sales, shopping centers, taverns, and more. Don't miss this rare opportunity to own a premium piece of commercial real estate in Pinellas Park. Invest in your future today by securing this versatile property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$990,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $792,000 | $792,000 | $792,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,071 | $5,071 | $6,954 |
Total Monthly Payment | $5,163 | $5,163 | $7,046 |
* 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.