Under contract-accepting backup offers. I am pleased to share with you the incredible opportunity that is available at 8617 Temple Terrace Highway Tampa, FL 33637. This property is conveniently located in Hillsborough County, zoned RMC-9 and Future Use is CMU-12 according to the Hillsborough County Zoning Department. This allows for a variety of commercial uses such as retail stores, restaurants, offices, and medical facilities. The site features a total of 1. 75 acres with 291 feet of frontage along Temple Terrace Highway and 261 feet on Davis Rd. The property is currently improved with a 1, 944 square-foot single-story building and 500+ square feet of covered patio area. Additional features include a gravel parking lot with plenty of parking spaces and a large fenced in backyard.
The area surrounding the property is bustling with commercial activity. The Tampa Commerce Center is proposing a 124, 000 square-foot facility, with 80, 000 sqft proposed and 252, 000 sqft under construction. VA Clinic is building a 144, 000 sqft Hospital and Amazon, 633, 000 sqft, Fulfillment Center is at Davis Rd and Harney Rd. This is a great opportunity for a business or developer looking to expand their presence in the Tampa area. This property is perfectly positioned to take advantage of the current economic growth in the area.
If you are interested in learning more about this property and the potential it has to offer, please do not hesitate to contact us.
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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 | $1,319,920 | $1,319,920 | $1,319,920 |
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 | $157 | $157 | $157 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,452 | $8,452 | $11,589 |
Total Monthly Payment | $8,734 | $8,734 | $11,871 |
* 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.