Entitled 10 acre corner property at the lighted intersection of 44-Bypass and 44A in Eustis Fl.
There is 450 new homes across the street, plus 100 homes next to this property. 950 new homes are approved on the opposite side of the lighted intersection. Making this approved retail center a perfect investment.
The site plan is approved, there is a Developers Agreement signed by the City of Eustis. There is water, sewer and gas at the front of the property.
An additional 2.9 acres can be purchased contiguous with this property fronting 44A if needed, it is currently approved and zoned warehousing. both properties are in the City of Eustis.
I am a licensed Realtor and the owner/seller. I will hold a mortgage with interest only terms.
8% for the first 2 yr term, and 9% for the second 2 yr term. No prepayment penalty
Terms and purchase price can be adjusted if builder wants to provide a white box unit anywhere on the property.
00 E COUNTY ROAD 44, Eustis, FL, 32726
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
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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