This versatile lot in Port Charlotte is zoned OMI (Office, Medical, Institutional), with both current and future land use designated for commercial purposes according to the state comprehensive plan. However, zoning codes also allow for conditional use as a single-family home or duplex, offering flexibility for residential development as well. Nestled in a rapidly developing area, the property boasts access to El Jobean Road (776) and US41, placing it just moments from popular local destinations. Just a short drive west brings you to the Gulf of Mexico, where you can enjoy the pristine beaches of Englewood and Boca Grande. The surrounding area is a haven for outdoor enthusiasts, with options for deep-water fishing, backwater fishing, and plenty of boat ramps and boat clubs nearby. Golf lovers will appreciate being within reach of six golf courses, while Charlotte County’s network of parks provides access to water trails, biking and nature walking trail. Cultural events, festivals, and recreational activities abound year-round throughout both Charlotte and Sarasota counties. Whether you’re looking to build a business or create your dream lifestyle, this property offers incredible potential in a thriving and well-connected community.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$40,000
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 | $32,000 | $32,000 | $32,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $218 | $213 | $274 |
Total Monthly Payment | $293 | $288 | $349 |
* 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.