BACK ON THE MARKET. A RARE OPPORTUNITY!!!! Approximately 8. 47 acres of prime land with highway frontage across from the Orlando International Premium Outlet Mall. Zoned AC-3/SP. Perfect for multi-family, a retail center, restaurant(s), big box retailer, gas station, office building, hotel or a combination of those listed.
The subject property is zoned AC-3/SP, Metropolitan Activity Center/Special Planned Area Overlay District by the City of Orlando. The purpose of the District is to provide for large concentrated areas of residential, commercial, office, industrial, recreational and cultural facilities at a scale that serves the entire metropolitan area and at the highest intensities anywhere outside of Downtown Orlando. A mixture of land uses is specifically intended. Activity centers with a single type of use shall be strongly discouraged. These activity centers are intended for locations where arterials and four lane collectors and mass transit service are available, providing access to other metropolitan areas. The SP Overlay District is intended to be a mechanism for creating urban design plans, guidelines and standards in a coordinated manner to help achieve the goals, objectives and policies of the Growth Management Plan. The subject property has a land use designation of Metropolitan Activity Center by the City of Orlando. This designation is to promote an intensive mixture of employment, goods and services and residential uses in Activity Centers; to link high intensity Activity Centers and promote use of mass transportation along Mixed Use Corridors; to promote a wide variety of residential and employment alternatives both inside and outside Activity Centers and to achieve the highest standards of quality in the urban environment.
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Our Executive Mortgage Banker:
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$18,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $14,400,000 | $14,400,000 | $14,400,000 |
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 | $100,687 | $98,233 | $130,440 |
Total Monthly Payment | $100,812 | $98,358 | $130,565 |
* 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.