Rare opportunity to purchase a commercial lot located on the heavily traveled Park Boulevard, in Pinellas County, FL -52, 000 daily traffic count. This prime 2 parcel of land is fully prepared for a thriving development project; the zoning of these properties is B-1, Mixed Commercial, Residential and they live within the City of Pinellas Park Community Redevelopment Area (CRA). Featuring two consecutive lots in the heart of Pinellas Park, measuring 290-by-161-feet. . 1. 06 acre of land consists of 46690 square feet property offers flexibility to bring your dream project to life whether Planned development key features include mixed-use development as the project includes 24 townhomes, or mixed-use units, and Five-story commercial building features. retail, medical, townhouses, single finally/multi family houses, apartment complexes or flex. Zoning allows a variety of uses; including multifamily (up to 24 townhouses ), office, and other uses. This Land has endless potentials for the future developer. Currently two Buildings on the property; one is carlot and a house collecting rent about $10, 000 monthly. Do not wait grave the property before is too late,
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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 | $1,599,920 | $1,599,920 | $1,599,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $785 | $785 | $785 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,244 | $9,981 | $13,827 |
Total Monthly Payment | $11,154 | $10,891 | $14,737 |
* 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.