Tbd E Park Street, Center Hill, FL, 33514 | $2,500,000

With an ever increasing population in Florida, specifically central Florida, the need for Cemetery land is always in high demand. Currently zoned R2C, with a future land use that is also rural residential we know there will need to be some governmental changes and permits required. Already annexed into the city of Center Hill with a current R2C zoning and a RR FLU, according to the city and the county/city planner, what would be required for Cemetery land use is simply a Special Use Permit from the City of Center Hill and appropriate approval from the state. The owner is willing to go through the process on behalf of the buyer with executed contract. Land use across the street is currently an existing Cemetery. Other uses can be permissible here, however after diligent research on highest and best use, for potential return on investment, and on the needs of a growing population, we feel that Cemetery development would be most ideal. The current owner has already separated the 1 parcel to create a private “road” on-site to deter negative impact of traffic to adjacent area properties. The City of Center Hill code states: Sec. 13-633. Cemetery, crematory and mausoleum. (a) Purpose and intent. Cemeteries, crematories and mausoleums are permissible as special uses where indicated by Table 13-431A. In addition to the other provisions of this chapter, it is the intent of this section to provide for and protect such uses in a manner which will have the least possible adverse impact to the community. (b) Development standards. (1) Ingress/egress and parking. a. Ingress/egress. Adequate means of ingress/egress shall be provided for vehicles so as not to unduly impede or cause congestion of traffic on adjacent public streets when funeral processions are entering or leaving the property. b. (Reserved for parking) (2) Setbacks for grave lots. a. From public roads. Setbacks for grave lots from any public road right-of-way shall be the same as those specified for buildings in Table 13-440A. b. From adjacent property. Setbacks for grave lots from property lines of adjoining property shall be twenty-five (25) feet. For questions or more details please call. Center Hill is a growing area poised to be in the center of development and growth. In the path of development for The Villages and growth from the Lake county side this area is sure to be a crossroad of central Florida and a for the right buyer.

Features

  • Lot Size: Irr
  • Lot Desc: Buildable, Cleared, City Lot
  • MLS#: G5083423
  • Days on Market: 202 days
  • Website: https://www.raveis.com
    /prop/G5083423/tbdeparkstreet_centerhill_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 3/9/2025 2:17:12 PM)
Listing courtesy of CONNIE MAHAN REAL ESTATE GROUP   Phone: 352-569-0233

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Tbd E Park Street, Center Hill, FL, 33514

$2,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,000,000 $2,000,000 $2,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.375% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.957% 6.484% 6.449%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,477 $12,477 $17,148
Total Monthly Payment $12,602 $12,602 $17,273

* 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.