Under contract-accepting backup offers. Prime Clermont Corner Development Lot located in the Clermont Central Business District (CBD). This lot currently has a renovated Fully Leased Duplex and Coffee Cafe as well as vacant land for future buildings. Tenants are currently paying a combined $6,500 per month. This area has many development projects under way such as the new Salt Shack, The Village Market Place, the Med Day Spa, Victory Pointe, Bike Trail connection and parking expansion, and the New Lumber Yard District with newly approved mixed use zoning including 392 residences. This corner is prime for Development plus has the added bonus of rental income while you plan and permit your dream building. Dont miss out on this newly developed area
535/533 West AVENUE, Clermont, FL, 34711
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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