The subject property is 2.6 acres of undeveloped land located between Old Dixie Highway and U.S. Highway 1 in Vero Beach Florida. A+++ location. The subject property is composed of two parcels. Only 3.2 miles West of The Beach and has direct US Highway 1 frontage. Vero Beach is considered to be an international destination for travel and is one of the fastest-growing areas in the United States. The property is zoned CL which allows most commercial uses including retail, office, and allows automotive uses (indoor) Perfect location for a freestanding restaurant, strip center, office building, or flex building. This property is priced to sell at only $268,846.15 per acre.
7985 US Highway 1, Vero Beach, FL, 32967
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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