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This 11, 696 SF CG (Commercial General) zoned hard corner parcel is located at the lighted intersection of Dr. Martin Luther King, Jr Boulevard and 34th Street. The site was cleared and plans were in place to construct a convenience store building of approximately 2, 500 SF. Site plans were drawn and permits issued but ownership decided not to build the project. The site has a future land use category of CC-35 (Community Commercial-35) which offers potential for a mixed use development of up to 23, 393 SF based upon the lot size and FAR (Floor to Area Ratio) of 2. 0, though given code requirements, possible height restrictions and setbacks, buyers are encouraged to complete their own research to ascertain the feasibility of buyers intended use.
**All totals are maximum estimated based upon land use and subject to site plan approval. Buyer should rely upon due diligence investigations to confirm all potential development and feasibility.
Located in Tampa at the intersection of N. 34th Street and E. Dr. Martin Luther King, Jr. Blvd, and west of I-275 and north of I-4, offering easy access to surrounding areas.
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Our Executive Mortgage Banker:
Our Insurance Division:
$299,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,612 | $1,590 | $2,051 |
Total Monthly Payment | $1,687 | $1,665 | $2,126 |
* 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.