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Prime Commercial Development Opportunity - Nearly 3 Acres with access on Sparks Rd
Unlock the potential of this high-visibility 2. 9-acre commercial vacant parcel located at the intersection of Sparks Road and County Line Rd, with direct high visibility on County Line Road and Villages of Avalon Frontage Road. This parcel offers off-site retention to maximize land use.
Strategically positioned in a high-growth corridor just minutes from the Suncoast Parkway, this site benefits from over 34, 000 vehicles per day and is adjacent to a rapidly expanding residential base of 1, 500+ new homes. The property conveniently located by Publix Shopping Center via the established frontage road, ensuring consistent consumer traffic and accessibility.
Currently zoned PDP (Planned Development Project), the parcel previously advanced through zoning for C-2 Commercial use in 2024 to accommodate a drive-thru restaurant, alcoholic beverage dispensation, or mini-warehouse. While the rezoning was not finalized, a Staff Report is available and on file, providing a valuable head start for future entitlements.
Whether you're developing a retail strip, fast-food franchise, convenience store, or a flexible-use commercial facility, this location offers exceptional visibility, accessibility, and demand in one of Hernando County's most active growth zones. Owner Financing Available.
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:
$775,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.873% |
| Monthly Tax Payment | $372 | $372 | $372 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,668 | $3,817 | $5,063 |
| Total Monthly Payment | $4,132 | $4,281 | $5,527 |
* 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.