Rare development opportunity in Ocala, FL. Welcome to an extraordinary 1. 7-acre parcel located on the coveted SE 17th St corridor in Ocala. Offering an exclusive and rare opportunity for the discerning developer! Nestled in a prime location, this expansive piece of real estate presents the perfect canvas for a visionary PUD, multi-family townhouse, or apartment redevelopment. This prime parcel is strategically positioned in the heart of Ocala, one of Florida's most sought-after regions, known for its charm, vibrant community, and flourishing economy. The location boasts proximity to essential amenities, educational institutions, shopping centers, and recreational facilities, providing residents with a convenient and desirable lifestyle. The possibilities for development on this expansive property are limitless. Imagine creating a stylish, modern enclave of townhouses or luxurious apartments, catering to the growing demand for upscale living in this thriving community. With its generous size, the parcel allows for thoughtful planning, ensuring an optimal layout for maximum functionality and aesthetic appeal. Seize this rare opportunity to make a lasting impact on the Ocala real estate landscape. Whether you're an experienced developer or an investor with a keen eye for potential, this parcel promises a lucrative venture in the flourishing Florida market.
Redeveopment project will require zoning change.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.261% | 6.748% | 6.847% |
Monthly Tax Payment | $530 | $530 | $530 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,387 | $6,147 | $8,429 |
Total Monthly Payment | $7,042 | $6,802 | $9,084 |
* 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.