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Take advantage of a one-of-a-kind investment opportunity in Citrus County. This is the first buildable lot on the northeast corner of Exit #60 from Highway 589 (Suncoast Parkway), offering 635+ feet of frontage along W Cardinal Street. Strategically situated within the Economic Development Target Area (EDTA) of the Cardinal Interchange Management Zone, this property is perfectly positioned to benefit from the area's rapid growth and development. The 8. 57-acre parcel is high, dry featuring a well and complete—from W Cardinal Street and Georgian. With the Suncoast Parkway interchange at Cardinal Street currently under construction, this lot is poised to become a hub of activity in a region with unparalleled growth potential. Citrus County is on the brink of transformation with the Suncoast Parkway extension. This 55-mile expressway, connecting Tampa's Veterans Expressway to SR 44, is a catalyst for economic expansion. The EDTA designation prioritizes job creation and encourages land uses such as light industrial, manufacturing, restaurants, and transportation-related businesses. Future infrastructure upgrades, including water and sewer extensions, add even more value to this prime location. Whether you're looking to invest or develop, this property offers endless possibilities. Don’t miss your chance to secure this premier real estate before prices and values soar. Act now to take advantage of this rare opportunity at the gateway to Citrus County’s future! Additional property available for sale
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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 | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.701% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,704 | $4,585 | $6,237 |
Total Monthly Payment | $4,796 | $4,677 | $6,329 |
* 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.