Offering is for 11.54+/- Acres at the signalized intersection of US Hwy 441 & David Walker Rd, in Tavares. Zoned PD & PCD with a potential for 25 Multi-Family units per acre. Property wraps around Crown Lake. Located on one of the busiest retail, commercial, hospitality corridors in the Tavares - Eustis area with over 50,000 FDOT avg trips per day. Just a five minute drive to AdventHealth Waterman Hospital and less than 45 minutes to Orlando or The Villages. Site is an assemblage of two parcels Lake County Alt Key's # 1588651 and a portion of 3808894. Seller has previously engineered site plans available for mixed use development. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice.
DAVID WALKER & US HWY 441 DRIVE, Tavares, FL, 32778
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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