GREAT COMMERCIAL PROPERTY IN NO FLOOD JUST REDUCED! MANY NEW DEVELOPMENTS SURROUNDING ON TOP OF AN ALREADY UNDERSERVED AREA! Nestled in the charming community of Rotonda West, Florida, this vacant lot presents an exceptional opportunity for commercial development in a prime tourist destination. Boasting Commercial Tourist zoning, this property is poised to capitalize on the area's thriving visitor economy. The surrounding neighborhood offers a wealth of attractions and amenities that make it an ideal location for a variety of business ventures. Just a short distance away, you'll find the serene Rotonda Community Park and Preserve, perfect for nature enthusiasts and those seeking tranquil green spaces. For water lovers, the picturesque Englewood Beach and Manasota Key are within easy reach, offering sun-soaked shores and aquatic activities. Convenience is key, with the Publix Super Market at Cape Haze providing essential shopping options nearby. The area also boasts charming marinas like Placida Park and Eldred's Marina, adding to its coastal allure and potential for marine-related businesses. The property's strategic location puts it in proximity to popular destinations such as Boca Grande, known for its upscale ambiance and pristine beaches. This positioning opens up a world of possibilities for businesses catering to tourists and locals alike. With its favorable zoning and enviable location, this vacant lot is ripe for transformation into a thriving commercial establishment. Whether you envision a boutique hotel, a unique dining experience, or a retail haven, the potential is limitless. Don't miss this chance to be part of Rotonda West's growing business landscape and tap into the vibrant tourism market of Florida's Gulf Coast. CT zoning information attached to listing, please confirm with county - Please do your own due diligence as owner has limited/no further information to provide. NO FLOOD ZONE
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,456 | $2,393 | $3,087 |
Total Monthly Payment | $2,531 | $2,468 | $3,162 |
* 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.