4100 County Road 48, Okahumpka, FL, 34762 | $9,890,000

Offering is for 73+/- Acres w/ an adjoining 14+/- acre parcel also available in Lake County, FL just off S US Hwy 27 and surrounded by explosive growth from The Villages newest expansion as well as other developments. The value is in the land. Located under the county's jurisdiction, property will need to be annexed into the City of Leesburg and rezoned for commercial, professional, industrial or mixed use, currently zoned AG with a FLU / Future Land Use of Regional Commercial and access a short distance from US 27 with frontage on CR 48 and CR 33 making this an ideal Central Florida address that is minutes to I-75, Florida's Turnpike and 45 minutes to Orlando or Ocala. Offering is an assemblage of 6 parcels. Lake County Alt Key #'s 1741866, 1774926, 2718421, 1774896, 2587091 & 2696681 with adjoining 290882 also available. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. Shown by appointment - do not enter property without authorization.

Features

  • Lot Size: irr
  • MLS#: G5068544
  • Days on Market: 332 days
  • Website: https://www.raveis.com
    /prop/G5068544/4100countyroad48_okahumpka_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/3/2024 1:03:49 PM)
Listing courtesy of GRIZZARD COMMERCIAL REALESTATE   Phone: 352-787-6966

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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4100 County Road 48, Okahumpka, FL, 34762

$9,890,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $7,912,000 $7,912,000 $7,912,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.636% 6.684%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $50,661 $50,009 $68,922
Total Monthly Payment $50,786 $50,134 $69,047

* 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.