This is a rare & exceptional opportunity for developer/investors in vibrant Polk County! This prime property is centrally located with 1236' of frontage on SR 655, offering a total of over 21 acres of vast potential. With a BPC2 land use designation, the property allows for a variety of development options, including flex warehouses, retail facilities, restaurants, hotels, convenience store, light industrial & more. Featuring an interior central asphalt road accessing all lots, a common detention pond, & a gravity sewer line, this property is ready to build upon. With a proximity to major traffic arteries like SR 655, the property ensures high visibility & accessibility for businesses. Owner is in process of re-platting into 4 lots & completing all infrastructure. Lot 1 is 4. 2AC+/- at $1. 68M. Lot 2 is 8. 08AC +/- at $3. 2M. Lot 3 is 3. 99AC+/- at $1. 4M. Lot 4 is 4. 85AC+/- at $1, 690, 000. Seller will consider selling 1 to 4 lots but prefers to sell all in a package. Located less than 20 miles from Lakeland, an hours drive from Orlando, & less than 50 minutes from Tampa, this property is perfectly located in a high growth, accessible area.
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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 | $6,320,000 | $6,320,000 | $6,320,000 |
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% | 6.876% | 6.830% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,468 | $40,991 | $55,489 |
Total Monthly Payment | $40,593 | $41,116 | $55,614 |
* 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.