This property is being sold with commercial potential. This seven acres is near the corner of Hwy 301 and Hwy 42 in Marion County. The property is contiguous to the 16 acres on the NW corner now being vetted as one of the final locations for a new Veteran’s Administration (VA) hospital. The hospital will be an approximately 150,000 SF facility with nearly 900 parking spaces. Across the street on the SW corner of the intersection, the new Marion County Medical Examiner’s Office is slated to begin build-out in the summer of 2024 and on the neighboring hard corner will be a new 7-Eleven. There is a 2,034 SF home (1975) on the subject property that, while dated, is structurally sound and tidy.
6415 SE Highway 42, Summerfield, FL, 34491
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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