Pre-Construction. To be built. This is an exceptional opportunity to acquire prime commercial real estate in Riverview, FL, consisting of two vacant land condominium pads with a total of 35 units. Key features include a highly desirable location with excellent visibility along US Highway 301, making it an ideal spot for businesses seeking high exposure. The property offers easy access to major highways and is situated in a high-traffic area near Bloomingdale and Brandon. With a single entrance leading to a shared parking area, the site provides ample utility for condominium pad development and is suitable for various legally conforming uses. This investment could be a strategic choice for those looking to capitalize on a prominent location in a thriving area.
Description: Vacant land for future office condo. development. Land Only
Property Address: 6528 US Hwy 301 S, Riverview, FL 33578
Property Tax ID: U-08-30-20-91E-000000-00021. 0 (Units 21-35 inclusive i n Stars and Stripes Commerce Plaza)
Property Address: vacant lot located at NE of 301 & Alafia Rvr 91E /Stars and Stripes Commerce Plaza on 301 condo
Riverview, FL 33578
Property Tax ID: U-08-30-20-91E-000000-0056. 1 (Units 56-75 inclusive i n Stars and Stripes Commerce Plaza)
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,480,000 | $2,480,000 | $2,480,000 |
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 | $233 | $233 | $233 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,880 | $15,880 | $21,774 |
Total Monthly Payment | $16,238 | $16,238 | $22,132 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.