Alt Key 1276811: Located perpendicular to 113 E Main St in Downtown Tavares, FL 32778, with 50’ of frontage on N New Hampshire Ave, this versatile lot is zoned CD - Commercial Downtown District, offers high visibility and excellent development potential. Ideal for businesses looking to capitalize on the vibrant downtown atmosphere, this lot is perfect for retail, dining, or office use. Its prominent location guarantees a steady flow of foot traffic and easy accessibility, ensuring maximum exposure for your business. There is an encroachment to be aware of, (Building at the back right corner has a grease trap in the fenced in area. They are required to have access to this area. The owner of that building currently has picnic tables in the area and the owner is allowing them to use for now), but with its prime location less than 800 feet from the Downtown Tavares Administration building and less than 500 feet from Wooten Park and the Lake Dora Waterfront, this property is an amazing opportunity. The lot is also near parking, Lake Dora, and major highways including Hwy 441 and 19, providing convenient access to Mount Dora, Eustis, and Leesburg. Invest in this prime lot to establish a strong presence in the dynamic community of Tavares. 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 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 | $103,600 | $103,600 | $103,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $698 | $689 | $874 |
Total Monthly Payment | $773 | $764 | $949 |
* 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.