Introducing an exceptional commercial opportunity in the heart of Central Tampa! This expansive 11, 696 square-foot parcel, strategically situated at the bustling intersection of 34th Street and Dr. Martin Luther King, Jr. Boulevard, benefits from a prime location with high visibility and traffic flow. Previously cleared and ready for development, the site comes with approved plans for a convenience store spanning approximately 2, 500 square feet. With a future land use designation of CC-35 (Community Commercial-35), this property holds significant potential for a mixed-use development of up to 23, 393 square feet, subject to site plan approval. Located in an Opportunity Zone, this lot not only offers immediate access to major highways such as I-4 and I-275 but also positions you within Tampa’s Historic District, surrounded by a vibrant mix of businesses and residential communities. Utilities are already established on-site, making this a prime candidate for your next project. Whether you’re looking to capitalize on the existing convenience store plans or envision a different venture, this property is brimming with potential. Don’t miss your chance to invest in this remarkable location! SURVEY & EXISTING CONVENIENCE STORE PLANS AVAILABLE UPON REQUEST.
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Our Executive Mortgage Banker:
Our Insurance Division:
$295,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $236,000 | $236,000 | $236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,570 | $1,569 | $2,024 |
Total Monthly Payment | $1,645 | $1,644 | $2,099 |
* 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.