Alt Key 1276829: Prime corner lot available at the intersection of E Main St (42’ of Frontage) and N New Hampshire Ave (130’ of Frontage) in Downtown Tavares, FL 32778. This lot, zoned CD - Commercial Downtown District, presents a unique opportunity for commercial development. Perfectly positioned in a thriving area, this lot is suitable for a wide range of business ventures. Whether you envision a retail store, restaurant, or professional office, this lot provides the space and location needed to attract and serve customers effectively. Its strategic placement ensures high visibility and easy access, making it a valuable investment in the bustling heart of Tavares. Located less than 800 feet from the Downtown Tavares Administration building, less than 500 feet from Wooten Park and the Lake Dora Waterfront. Also located near ample parking, and major highways such as Hwy 441 and 19, providing convenient access to Mount Dora, Eustis, and Leesburg. There is an option to purchase this lot or up to five properties in total at a bulk price. Inquire for more information.
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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 | $89,600 | $89,600 | $89,600 |
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 | $596 | $596 | $756 |
Total Monthly Payment | $671 | $671 | $831 |
* 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.