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VALUE IS IN THE LAND!
Outstanding (2 parcel) 5. 65 acre site offering limitless opportunities for new commercial or residential development : : Zoned AS-1 and PD (Planned Development and Agriculture, Single Family 1 unit per acre), this parcel is located in a Qualified HUB Zone : : Site boasts over 308’ of frontage along N. Falkenburg Road : : Highest and best use: commercial, retail development, single family residence, SFR community, recreation or school. Also suitable for agriculture, manufactured home communities and daycare facilities : : Located just off the signalized intersection of E. Hillsborough Avenue and N. Falkenburg Road : : Minutes from Southshore, The Florida State Fairgrounds, Mid-Florida Amphitheater, Seminole Hardrock Hotel and Casino, Eureka Springs Park, Sheraton Hotel/ Tampa-Brandon, Hilton Garden Inn/ Tampa East : : Seffner, Brandon, Riverview, East Tampa, Downtown Tampa, are a short commute away : : Great frontage and visibility : : Rapidly growing commercial residential district : : A great investment opportunity for new construction and development : : Minutes from Interstate 75, Interstate 4 and US Hwy 301 S and most amenities of Eastern Hillsborough County. 2024 total population: 7, 864 - 1 Mile | 47, 657 - 3 Mile | 178, 157 - 5 Mile.
A site and subdivision pre-submittal meeting will need to be scheduled and held as it pertains to the environmental, planning and zoning details of this property’s uses.
Permitted uses of this property include but are not limited to:
- AS-1: recreational, golf and country clubs, schools, at home daycare, SFR: manufactured/ mobile home, modular home, residential community, SFR conventional or agriculture
- PD: Planned Development zoning designation allows for non-standard zoning governed by its own development standards and allowable uses, encouraging creative, innovative, and mixed-use development.
Acquire this oversized land site today and get in on the expansion of Eastern Hillsborough County! Call today for a property brochure.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.907% | 6.610% | 6.555% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,364 | $7,560 | $10,336 |
Total Monthly Payment | $7,489 | $7,685 | $10,461 |
* 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.