|
1. 398 Acres MOL, Partially-Cleared, Vacant Lot opportunity with an ample 300 feet of Frontage located along US Highway 19 in lovely Palmetto, Florida. Northbound access is available via Median Opening. As per Utilities: A 12-inch Diameter Water Line is located across US 19. A 8-inch Diameter Sewer Line is located along the West side of Parcel. Palmetto is strategically positioned midway between Tampa / St. Petersburg to the north and Sarasota to the south, placing it in the heart of Florida’s rapidly expanding Gulf Coast growth corridor. The surrounding area features a strong mix of existing and under-construction residential communities, including waterfront estates, golf and country club neighborhoods, and thoughtfully designed master-planned developments. The site offers excellent accessibility, with convenient proximity to I-75, providing seamless connectivity to major employment centers, retail hubs, and regional amenities. With continued residential expansion and strong regional demand, this location presents an exceptional opportunity for residential or mixed-use development in one of Southwest Florida’s most active growth markets. Said Frontage, coupled with a Lot Depth measuring 203 feet and NCM RSF6 Zoning Classification (therefore allowing for Neighborhood Commercial Mixed Use & Six Residential Units per Acre) allows a plethora of options in determining highest & best use by its future Owner. (Neighborhood Commercial - Medium District) allows multiple retail uses, personal services and offices to serve existing residential neighborhoods. Permitted uses allowed are as follows: - Adult Day Care Center - Agricultural Uses - Alcoholic Beverage Establishment - 2 COP License - Animal Services (Wild and Exotic) - Assisted Living Facility, Large - Assisted Living Facility, Small - Banking: Bank - Banking: Bank/Drive-through - Bed and Breakfast - Bus and Train Passenger Station - Business Services - Car Wash: Incidental - Cemetery: Human and Pet - Child Care Center, Accessory - Child Care Center, Large - Child Care Center, Small - Churches/Places of Worship - Civic, Social, and Fraternal Organizations/Clubs - Clinics - Community Residential Homes - Cultural Facilities - Drive-Through Establishments - Dry Cleaners: General - Dry Cleaners: Pick-Up - Earthmoving, Minor - Environmental Land Preserves, Public and Private - Food Catering Service Establishment - Funeral Chapel - Funeral Home - Lodging Places: Boarding House - Lodging Places: Hospital Guest House - Medical Marijuana Treatment Center Dispensing Facility - Miscellaneous Services: Office - Nursing Homes - Office, Medical or Professional - Parking, Commercial (Principal Use) - Personal Service Establishment - Post Offices – Printing. Feel free to reach out with absolutely any questions & thanks for looking!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$329,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $263,200 | $263,200 | $263,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,599 | $1,662 | $2,186 |
| Total Monthly Payment | $1,674 | $1,737 | $2,261 |
* 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.