2.4 acres with 400' frontage on 4-laned Chapman Road located at full access median cut. Site includes 121 W. Chapman Road and 175 W. Chapman Road with potential for offsite improvements on the lots to the east of this site. Site is part of a planned 5.25 acre mixed-use development. Zoned OC - mixed use allows 24 residential units / acre for total 57 units.
For smaller investors, owner willing to sell sites individually for a possible 34 unit development and 22 unit development.
Owner is currently working with the City of Oviedo to create a mixed use development. Owner is also working with Seminole County for access to sewer (across street). Seminole County water located at front of site.
175 W CHAPMAN ROAD, Oviedo, FL, 32765
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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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