102 Horseman Club Rd, Palatka, FL, 32177 | $500,000

Incredible opportunity for property to build retail and/or medical space on Crill Ave across from Palatka Hospital. Commercial land across from HCA Hospital, on Crill Ave and Horsemen Club Rd, across from HCA Hospital partially cleared. Almost two acres (1. 95 acres) are dry and have been cleared. There is a DOT access entrance already built on Crill Ave as well as access from Horsemen Club Rd. Power, water and sewer are available onsite. Total acreage is 9. 05 acres, with mixed zoning. The cleared area is zoned commercial. The rest of the area on Crill Ave is also zoned commercial but currently wetlands. The southeast corner of the land is zoned residential and currently wetland. Due diligence, including wetlands delineation and survey has been done. The buyer has the possibility to mitigate some of the wetland and increase buildable land. At this time 1. 95 acres are ready to build on the Northwest corner of the property, at the intersection of Crill and Horsemen Club. Owners are open to land lease

Features

  • Zoning: AG AG
  • Lot Size: 9.05
  • Lot Desc: Cleared,Corner Lot,Treed,Wetland (if known)
  • MLS#: 243668
  • Days on Market: 89 days
  • Website: https://www.raveis.com
    /prop/243668/102horsemanclubrd_palatka_fl?source=qrflyer
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Listing courtesy of Summit Properties International FL LLC

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NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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102 Horseman Club Rd, Palatka, FL, 32177

$500,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.159% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,661 $2,659 $3,373
Total Monthly Payment $2,753 $2,751 $3,465

* 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.