Attention Investors and Developers!!!! This parcel is 6. 23 acres. UPDATE ON THIS PARCEL - WE HAVE LISTED SEVERAL ADJACENT PARCELS FOR A TOTAL OF 26+ COMBINED COMMERCIAL ACRES! Here is your chance to own prime commercial real estate in the hot market of Auburndale, FL, JUST TWO MILES FROM THE BRAND NEW AMAZON DISTRIBUTION CENTER THAT IS NEAR THE END OF CONSTRUCTION AND ALREADY HIRING. Those 500+ employees will need affordable housing, gas stations, drug stores, retail, and somewhere to grab lunch. The land is currently used as residential, agriculture, pasture land, so this land is being offered for commercial purchase for the first time! Commercial uses: Permitted for Office Space, Research & Development. With Building Permit (C1), Gas station, Bar, Childcare Center, Light Assembly, Warehouse up to 50, 000 sq ft C2 site review uses include, Banks, Restaurants, Hotel-Motels, Schools, Churches, Retail, Warehouse up to 250, 000 sqft. This could be a great place for a strip mall with a couple of indoor-outdoor restaurants and shops. A place for all the biker and hiker foot traffic passing by every day on the Teco-Auburndale trail. This new shopping and restaurant area could really rival the area known as 92 and Berkley as the immediate area has no shopping or restaurants nearby and zero gas stations in the immediate area. Nestled between Davenport and Lakeland, this 6. 23 acre parcel includes a mobile home and is otherwise flat, clear, and ready for commercial development. Location is everything - This land is 2. 1 miles from the new Amazon distribution site and this parcel is near the corner of Pace Road and Berkley Road, right by the Teco-Auburndale Trail and is minutes away from I-4, the Polk Parkway, and the new Lake Myrtle Sports Park. Auburndale is under 30 minutes from Disney, Universal, Lego Land, pretty much all the theme parks are within a 30 minute drive. Additional parcels include: 306 Skyblue Lane, 307 & 317 Skyblue Lane, 314 Skyblue Lane, 318 Skyblue Lane, and 261 Sunridge Road. PLEASE SEE BROCHURE.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $847,280 | $847,280 | $847,280 |
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 | $100 | $100 | $100 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,425 | $5,425 | $7,439 |
Total Monthly Payment | $5,650 | $5,650 | $7,664 |
* 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.