This prime vacant lot is a unique opportunity for developers and investors looking to capitalize on the growth of downtown Apopka. Spanning over half an acre, this property offers ample space for various types of development, whether residential or commercial. Situated just a short walk from the heart of downtown Apopka. This lot provides easy access to all the amenities and conveniences the city has available. The lot is well-connected by major roads and highways, ensuring convenient travel to and from neighboring cities and attractions. Nearby amenities include shopping centers, restaurants, parks, and schools, making it an ideal location for future residents or businesses. The property is zoned for commercial and residential use allowing for a range of development possibilities. Essential utilities such as water, electricity, and sewer lines are readily available, simplifying the development process. The lot features a generally level terrain, minimizing site preparation costs. This property might have impact fee credits available and the advantage of having commercial permits approved in the past*. Apopka is experiencing significant growth, with increasing demand for both residential and commercial properties. Whether you're looking to develop residential housing, commercial spaces, retail space, office building or a mixed-use project, this lot provides the flexibility and the perfect canvas to bring your development vision to life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$359,000
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 | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,792 | $1,745 | $2,270 |
Total Monthly Payment | $1,867 | $1,820 | $2,345 |
* 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.