PRIME DEVELOPMENT OPPORTUNITY: 2. 58+/- ACRES WITH MIXED-USE ZONING OPTION IN THE "VILLAGE CENTER" DISTRICT OF THE KELLY PARK INTERCHANGE(KPI), APOPKA, FL 32712. Located at Kelly Park & Plymouth Sorrento Roads, this development parcel is contiguous to the new AdventHealth free-standing Emergency Room located on the corner and situated in the highly desirable East "Village Center" of the Kelly Park Interchange Mixed-Use Zoning District. With 165' of direct frontage on Plymouth Sorrento Road, this parcel is flat & level needing minimal site & clearing work, City Water/Electric/Internet/Phone at Site, Excellent Ingress/Egress, Daily Traffic of 20, 700+ (AADT), Apopka, FL 32712 has high-income households ranking 26% above the average for Orange County. This property is also just 1/4 mile from the $1. 2 billion development of Wyld Oaks currently underway that included 280, 000 s/f of Retail & Outparcel space, 200, 000 s/f of Office space, 70, 000 s/f Restaurant space, Two Hotels, up to 4, 000 Multifamily & Condominium residences, an Expansive Outdoor Entertainment Venue, as well as multiple green spaces. Permitted uses allowed under the MU-KPI include: Restaurants, Bars, Lounges, Taverns, Retail Sales & Service, Financial Institutions, Outpatient Care Facility, Medical/Dental/Research Clinics & Laboratories, Professional/ Medical/Business Offices & Studios, Hotels, Child Care Facilities, Fitness Centers & Gyms, Theatre’s (Movies & Plays), Arts and Performing Arts & Crafts Studios, Art Gallery/Museum & Other Cultural Facilities, Recreational Indoors (Bowling Alley, Billiards & similar uses), Parks & Recreational Facilities (Private), Animal Boarding, and Multi-Family Dwellings. Additional “Special Exception” permitted uses: Church or Parish Houses, Community Center/Civic Clubs, Nightclubs, Restaurants w/Drive-thru Facilities, Schools (Public & Private), Bed & Breakfast, Parking (Garage & Surface) and others. Contact the Listing Broker for more information or request the full Offering Memorandum that includes full property profile, highlights and details.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
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 | $19 | $19 | $19 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,806 | $12,806 | $17,560 |
Total Monthly Payment | $12,950 | $12,950 | $17,704 |
* 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.