This 4. 03-acre property has 444 +/- feet of frontage directly US Hwy 441/27. Located on the corner of US Hwy 441/27 and Spring Lake Road in Fruitland Park, Lake County, Florida. Corridor to The Villages. Median cut with turning lane provides access form both directions. According to FDOT website the average daily trips are approximately 29, 000 trips per day. The property has operated as RV sales, service and storage facility for over 20 years and containing 4 building consisting of prefab office building, two open-air auto repair buildings with an auto paint booth, an older single-family residence, and a large monument sign. Total square footage under roof is approximately 11, 476. The property is zoned industrial with the city of Fruitland Park and permitted uses could include Commercial/Industrial Service, auto sales, retail, Motor Vehicle Service Station. , Commercial Parking, Motor Vehicle Towing and Impoundment just to name a few of the many possible uses. The property has 3 separate parcels and Utilities, water and sewer are available.
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$2,995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $634 | $634 | $634 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,342 | $15,540 | $21,037 |
Total Monthly Payment | $16,101 | $16,299 | $21,796 |
* 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.