With over 5 acres and 585 feet of frontage on US 301 this property has almost unlimited potential. This property lies right inside of the hub between Brandon and Riverview Fl. The 2020 Census recorded over 115, 000 people living in Brandon and over 107, 000 people living in Riverview Florida. The average home value in the area is over $420, 000. The sheer volume of traffic and exposure this property has is amazing. We have confirmed that zoning will not change with a sale for the current intended use if a potential buyer has the same zoning requirements. However this property may be rezoned for any use during a potential buyers due diligence period. All 3 parcels are included in the sale and parcels will not be divided. Environmental tests all came back clear. Property survey is available upon request. There is also a possibility to get approval with the county to open a second entrance off of Duncan. Please have clients and potential investors watch: https: //youtu. be/nyA8f5EMCOQ
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Our Executive Mortgage Banker:
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,800,000 | $4,800,000 | $4,800,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,735 | $30,735 | $42,144 |
Total Monthly Payment | $30,860 | $30,860 | $42,269 |
* 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.