18537 Us Highway 27, Minneola, FL, 34715 | $1,500,000

14. 16 Acre Commercial Parcel just minutes from the new Turnpike Interchange in Minneola! Buyers' loan fell through making this parcel available at a great price! Located in the fast growing areas of Minneola and Clermont with new home subdivisions and commercial developments on the rise, this highly visible parcel has 584 feet of highway frontage with a full median opening and is zoned B-1 (General Commercial) which allows for many different permitted uses such as Offices, Retail Sales and Services, Medical Clinic, Restaurant, Learning Center and more. The City of Minneola has advised they will not consider any residential uses, automotive, indoor or outdoor storage or any type of business that supports tobacco. All utilities are located at the perimeter of the site such as Water, Sewer, High Fiber. Traffic count is currently 31, 000 vehicles per day; 13. 66 acres are high and dry and ready for your business. Survey, Topo and Geo Tech Report are available for review. LIVE LOCAL ACT - If you are looking for something that will work for the affordable housing act, this property WILL, however the City of Minneola is requiring this property to have VERTICAL MIXED USE.

Features

  • Lot Size: 541 x 1247 x 426 x 492 x 120 x 657
  • Lot Desc: Buildable, City Lot
  • MLS#: G5056023
  • Days on Market: 555 days
  • Website: https://www.raveis.com
    /prop/G5056023/18537ushighway27_minneola_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/3/2024 11:47:11 AM)
Listing courtesy of TRINITY REAL ESTATE SALES LLC   Phone: 321-299-3189

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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18537 Us Highway 27, Minneola, FL, 34715

$1,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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** 7.250% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.955% 7.141% 7.041%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,186 $7,984 $10,702
Total Monthly Payment $8,311 $8,109 $10,827

* 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.