This 1. 09 acre (47, 914 SF) fully developed commercial pad site sits in a prime location adjacent an Aldi Grocery store on busy Cortez Boulevard (US-50 ) in rapidly expanding Brooksville. Zoned PDP (GC). The shared site already has 137 paved , shared parking spaces in place and all medians, common landscaping and lighting have already been installed. This is a rare "design and build" opportunity which drastically reduces the time and expense of planning, zoning, and developing virgin land. As a "Planned Development Project General Commercial" site, it allows for a variety of retail and professional office uses consistent with C1 Zoning and was rezoned under File H-13-03 in Hernando County approved a Master Plan revision.
Traffic count of 39, 000 VPD on Cortez Blvd
* Disclaimer - All density and unit references are calculations based upon maximum allowable under future land use. Site Plans are subject to municipal approval for final development approvals. Maximum building footprint will be based upon intended use. Buyers are expected to do their own due diligence with Hernando County to determine the maximum allowable square footage and suitability for buyer's intended use.
Located in Brooksville at the intersection of Cortez Blvd (US-50) and Rollingbrook Drive and east of US-19, offering easy access to surrounding areas.
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$699,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,717 | $4,716 |
Total Monthly Payment | $3,859 | $3,809 | $4,808 |
* 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.