Development Acreage or Florida investment land opportunity on newly completed Ayres Rd extension and US Hwy 41 / Broad St -
High growth area. 13. 6-acre wooded acreage near airport and just north of Lennar's Angeline project and Moffitt Cancer Center's new
Pasco complex. ideal location for a big box store like Walmart, Lowes, or Home Depot, or the next new residential community. Major
hub of economic activity in the region. One of the most significant advantages of this property is its easy accessibility. The first curb
cut west of US Hwy 41 provides excellent access to the Suncoast Expressway and US Hwy 41, making it incredibly convenient for
customers and employees alike. This convenience is a significant selling point for businesses that depend on visibility and easy access
to high-traffic areas. The property's location also makes it ideal for businesses that rely on the transportation of goods and services,
as it is located within easy reach of major highways and transportation hubs. Another key advantage of this property is its versatile
zoning, which makes it suitable for a variety of commercial or residential uses. This versatility opens up a world of possibilities for
prospective buyers, allowing them to customize the property to fit their unique needs and preferences. Whether you're looking to
create a retail center, a mixed-use development, or a medical facility, this property is an excellent choice that can adapt to your
specific requirements. In addition to its ideal location and versatile zoning, this property is surrounded by successful new projects,
which bodes well for its future success. With Lennar's Angeline project and Moffitt Cancer Center's new Pasco complex nearby, there
is a steady stream of traffic in the area, providing an excellent opportunity for businesses that rely on foot traffic and visibility. This
high-traffic area also means that there is already a built-in customer base in the area, with a projected population increase of more
than 10% over the next five years. Property offers an excellent value for its size, location, and potential. Excellent location, versatile
zoning, and strong potential for growth and success, this property is the perfect spot for any business looking to establish itself in a
rapidly growing area. Owner states that a special zoning variance relating to the near by airport, the property can be rezoned from AG
to 100% commercial (mixed zoning not required).
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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 | $4,400,000 | $4,400,000 | $4,400,000 |
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 | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $28,174 | $28,174 | $38,632 |
Total Monthly Payment | $28,299 | $28,299 | $38,757 |
* 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.