This 1. 31-acre Commercial General zoned property presents a wealth of possibilities for development or investment. Here's why it's such an attractive opportunity: Prime Location: Situated on Placida Road with approximately 275 feet of road frontage, this property enjoys high visibility and accessibility. Its proximity to Lemon Bay further enhances its appeal, offering potential for businesses catering to both locals and tourists. Versatile Zoning: The Commercial General zoning designation allows for a wide range of commercial uses, including retail, office space, restaurants, and more. This flexibility opens up numerous possibilities for maximizing the property's potential. Fenced and Gated: The property is fenced in with multiple gates, providing security and ease of access. Additional access to Winchester Ave adds convenience for both customers and deliveries. Nearby Amenities: Being just a couple of blocks from Lemon Bay means easy access to water-related activities such as boating, fishing, and waterfront dining. This proximity could attract businesses catering to tourists and locals alike. Development Potential: With 1. 31 acres of land, there's ample space for development or expansion of existing structures. This offers the opportunity to create a tailored commercial space suited to specific business needs or to potentially subdivide the land for multiple uses. Growing Area: Located in a thriving area, this property benefits from ongoing development and growth, making it an attractive investment opportunity for those looking to capitalize on the area's economic expansion. Overall, this Commercial General zoned property presents a rare chance to secure a sizable parcel of land in a prime location with endless potential for commercial development or investment. Its proximity to Lemon Bay and versatile zoning make it a highly desirable opportunity for entrepreneurs, investors, and developers alike.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $614 | $614 | $614 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,366 | $4,254 | $5,397 |
Total Monthly Payment | $5,072 | $4,960 | $6,103 |
* 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.