Prime Commercial Land Opportunity in Rotonda West – Endless Potential!
This cleared, 2. 93-acre parcel offers an exceptional investment opportunity in the growing Rotonda West community. Ideally situated in a high-visibility area with hundreds of cars passing daily, this lot is just minutes from the pristine beaches of Manasota Key and Boca Grande, ensuring both convenience and appeal. Located in an X500 flood zone, flood insurance is likely not required, adding to its value.
Originally envisioned as a garage condo development, the property comes with preliminary architectural concepts ready to be customized to your vision. With flexible zoning, the options are endless! Build garage condos to sell or lease, providing highly desirable flex spaces for car enthusiasts, RV owners, contractors, and small business owners. These units could include electricity, plumbing, mini-split HVAC systems, and a versatile second-story loft area—ideal for storage or office space.
Whether you’re looking to bring the garage condo concept to life or pursue an entirely different commercial project, this lot’s strategic location and zoning make it an unbeatable investment. Seize this chance to capitalize on Rotonda West’s growth and create a development that caters to the area’s unique demand!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,783 | $7,389 | $10,619 |
Total Monthly Payment | $7,908 | $7,514 | $10,744 |
* 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.