Prime Development Opportunity in the Heart of Palatka
Discover this exceptional 5. 15-acre parcel boasting over 800' of frontage on Moody Rd. Strategically positioned across from St. Johns River State College and adjacent to Barrington Apartments and Vintage Care Senior Living Facility, this property offers unparalleled potential for development.
Key Features:
Ideal Location: Situated in the vibrant heart of Palatka, within close proximity to major retailers, healthcare facilities, and educational institutions.
Flexible Zoning: Currently zoned C-2, allowing for a wide range of commercial and mixed-use developments.
Utility Access: City water and sewer are readily available to the site.
High-Visibility Frontage: Over 800' of frontage on Moody Rd. ensures maximum exposure for your development.
Strong Demand: The growing population and increasing demand for housing and commercial space make this property an attractive investment. Don't miss this rare chance to capitalize on the potential of this prime development site. Call today to explore the possibilities and secure your future in Palatka!
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Our Executive Mortgage Banker:
Our Insurance Division:
$425,000
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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $179 | $179 | $179 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,234 | $2,867 |
Total Monthly Payment | $2,516 | $2,488 | $3,121 |
* 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.