Prime Commercial Opportunity!
Located at the bustling intersection of Temple Terrace Hwy, this exceptional property, zoned PD (Planned Development), offers tremendous potential for development and growth! With 5, 500 square feet of space already approved for a convenience store and 12 gas pumps, this site is primed to serve the ever-expanding community of Temple Terrace and surrounding areas.
Recently rezoned on 12/10/2024, this property fits seamlessly into the city’s future land use plan, designed to foster commercial and retail growth while enhancing accessibility and traffic flow. Situated in a rapidly growing and highly trafficked area, the property is surrounded by an array of established businesses, including restaurants, retail centers, and service-oriented operations, making it the ideal spot for a thriving convenience store and gas station.
Temple Terrace is seeing continued development, with nearby residential neighborhoods and new commercial ventures further elevating the demand for services in the area. The proximity to major roadways and the city’s growing population ensures that this property will attract a steady stream of customers and high visibility from passing traffic.
This is a turnkey investment opportunity that perfectly aligns with the growing commercial activity in Temple Terrace. Whether you’re a developer or investor, this site represents a fantastic opportunity to capitalize on a high-demand, high-traffic location in a rapidly developing area.
Don't miss out on this once-in-a-lifetime chance to build and grow in Temple Terrace’s thriving commercial sector! The future of this location is bright, and your business could be at the forefront of the community's exciting expansion.
For more information or to schedule a tour, contact us today!
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William Raveis Real Estate
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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 | $1,359,920 | $1,359,920 | $1,359,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.532% | 6.723% | 6.806% |
Monthly Tax Payment | $157 | $157 | $157 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,820 | $8,708 | $11,940 |
Total Monthly Payment | $9,102 | $8,990 | $12,222 |
* 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.