18908 SHETTLE ROAD, Land O Lakes, FL, 34637 | $6,500,000
This flat, two-parcel development site is high and dry, on the east side of US Hwy 41 just south of SR 52, in the center of Central Pasco rapid development. Access to all of the site via Shettle Public road ROW delivers full use of the site for a variety of Retail possibilities fronting US Hwy 41, Medical Office or Multi-Family and/or Self-Storage. Former (expired) Birren MPUD shows retail portion at +/-3 Acres, Medical office at +/- 8 Acres and self-storage at approx. 5. 79 Acres, all accessible from Shettle Rd, a public right of way access.
2020 Demographics include a population of over 22, 000 with an average income of more than $87, 000 within a 5-mile radius. This is poised to increase in the next decade as Lennar acquired 5, 100 acres directly west of the subject parcel for future Angeline residential development to allow up to 11, 495 homes, 29 million SF of commercial and office uses. Moffitt Cancer Center and Research Institute acquired 775 acres from Lennar for a 1. 4 million SF $191 million dollar research facility which will create 14, 500 jobs. Within the “Wellness” community of Angeline, a $52. 7M, 186, 882 SqFt 6-12 grade magnet school on 18. 8-acres is slated for completion April 2023. Since Pasco Hernando State College hold 29 Acres on the NWC of SR 52 and US-41, we’re sure to see a partnership with the Angeline STEAM program for a continuing education vo-tech school.
Features
- Lot Size: 1170 x 670 x 1025 x 693
- Lot Desc: Buildable, Cleared, Street Paved
- MLS#: W7842370
- Days on Market: 58 days
- Website: https://www.raveis.com
/prop/W7842370/18908shettleroad_landolakes_fl?source=qrflyer
Listing courtesy of VIP EXECUTIVE REALTY LLC Phone: 813-475-6019
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888.699.8876
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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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860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
18908 SHETTLE ROAD, Land O Lakes, FL, 34637
$6,500,000
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 | $5,200,000 | $5,200,000 | $5,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.500% | 7.250% | 7.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.995% | 7.354% | 7.292% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $36,359 | $35,473 | $47,103 |
| Total Monthly Payment | $36,484 | $35,598 | $47,228 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388