“Cleveland Commercial General business location” is a property of 0. 76 acres in size and is located just outside the city limits of the City of Punta Gorda. This future business location offers south and north bound traffic high visibility due to the breadth of the property frontage on US17. The property is zoned Commercial General (CG), a liberal commercial zoning in the County of Charlotte permitting 46 general commercial activities. Under CG the Conditional uses extends to 7 more commercial activities being permitted and under CG Special Exceptions an additional 19 activities for a total of about 74 recognized business activities permitted in CG zoning. CG zoning allows structures up to 55% of the parcels size and buildings can be built up to 60 feet in height. Parking on this business parcel is delineated under Para. 3-9-79 of the Code of Laws and Ordinances of Charlotte Co. There is no survey or environmental surveys available from the owner. The public water service is nearby. This parcel is situated at a major intersection of US17 and Cleveland Drive with traffic along US17 North from CR74 at about 18, 700 trips per day. The property has 175 feet of US17 road front with two other road frontages on side streets. The frontage on Cleveland Drive is 51 feet and 220 feet of frontage on Lander Place on the north side of the parcel making for easy access into the property. The US17 northbound traffic access to the property is afforded by a northbound US17 turn lane at Cleveland Drive. Also, there is a US17 southbound traffic turn lane in front of the property permitting traffic to exit the property and turn left and go back north on US17. Next door properties are the Cleveland Circle K Convenience Store, Chenango Supply and across the street is the Cleveland Dollar General store. This is an extremely active business location in the Cleveland and Town Estates Subdivisions communities and is a short jaunt to the new Calusa Creek Subdivision of homes. Not too distant are the Peace River, Palm Shores, Prairie Creek West, and Prairie Creek Subdivisions…these are established neighborhoods of fine homes. The immediate neighborhood is a blend of commercial, residential properties. Nearby is the Cleveland Methodist Church, Palm View Baptist Church, MSB Used Auto Parts, Trademark Metals Recycling, Woody Lee’s Tire Store, Reliable Truck & Auto Sales, Ryan's Subs and Sports Grill, Punta Gorda Assignment Shop, Santa Lucia Pizza, and many others.
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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 | $155,600 | $155,600 | $155,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,022 | $1,022 | $1,303 |
Total Monthly Payment | $1,097 | $1,097 | $1,378 |
* 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.