Pine Ridge RD, Naples, FL, 34116 | $4,400,000

This two-lot assemblage totaling 4. 78± net acres is situated at the SE corner of the signalized intersection of Pine Ridge Road and Logan Boulevard S, a high traffic intersection boasting almost 70, 000 vehicles per day and surrounded by both established and growing residential communities. Excellent visibility and access from three road frontages, Pine Ridge Road, Logan Boulevard S and Boxwood Way. Subject to amending the GGAMP (Golden Gate Area Master Plan), the current Estate District zoning has the potential of being developed into an ALF project, Place of Worship, School, Nursing Home, and more. The site also offers the potential for Commercial, Gas Station, Car Wash, Drug Store, and Retail use, subject to rezoning as well as amending the GGAMP. Lot 2 has a tenant occupied, 1, 760± SF, 3-bedroom, 2-bathroom pool home built in 1989. Lease is expiring on May 2, 2024. Property is currently on Well & Septic, but Water line is on the south side Pine Ridge Rd and Sewer line is 4, 300' to the west.

Features

  • Zoning: E- Estates District
  • Frontage: 609
  • Lot Desc: Corner
  • View: None/Other
  • Community Type: Non-Gated
  • MLS#: 222046949
  • Website: https://www.raveis.com
    /prop/222046949/pineridgerd_naples_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of CRE Consultants LLC

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NMLS Mortgage Loan Originator ID 16953

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Pine Ridge RD, Naples, FL, 34116

$4,400,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $3,520,000 $3,520,000 $3,520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,539 $22,539 $30,905
Total Monthly Payment $22,664 $22,664 $31,030

* 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.