Welcome to 5703 S MacDill Ave, located in South Tampa’s highly sought-after Ballast Point neighborhood. This property is currently zoned CG-1 with special use allowances for residential purposes. The lot offers 69 feet of road frontage, a depth of 120 feet, and setback allowances for a 49-foot-wide property. The current owner, a developer, has plans for a stunning 5-bedroom, 4. 5-bathroom single-family residence with just under 4, 000 square feet of heated living space. If residential use isn’t your preference, the property provides excellent potential for various commercial applications. Currently, there is an office trailer on-site with dedicated parking. The most recent use of the property was as a medical office for a chiropractor. This property comes with no HOA or CDD fees, was not impacted by recent storms, and does not require flood insurance. Its central location provides easy access to all that South Tampa has to offer, including Tampa Bay Yacht Club, Palma Ceia Golf & Country Club, Bayshore Blvd, Hyde Park Village, Downtown Tampa, Davis Islands, Amalie Arena, The Riverwalk, Channelside, The University of Tampa, Tampa General Hospital, Armature Works, MacDill Air Force Base, Raymond James Stadium, and George Steinbrenner Field. Additional conveniences include fine dining, great shopping, and trendy restaurants Plus, some of Florida’s best beaches are just across the bridge! Opportunities like this are rare, don’t hesitate to reach out and make this exceptional parcel yours!
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Our Executive Mortgage Banker:
Our Insurance Division:
$500,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.204% | 7.159% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,628 | $2,659 | $3,373 |
Total Monthly Payment | $2,720 | $2,751 | $3,465 |
* 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.