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Exceptional Development Opportunity – Five Lots on Roosevelt Boulevard!
Seize this rare opportunity to acquire nearly ¾ acre of prime, high-visibility real estate along one of Largo’s most active corridors. According to the City of Largo, approximately 0. 56 acres of the 0. 74-acre site may support up to 28 residential units with applicable bonus density options, including incentives for affordable housing, green building, and greywater system integration.
This unique assemblage includes three parcels totaling five lots, prominently positioned at the corner of Roosevelt Boulevard and 59th Street N. Two parcels lie within the City of Largo, while the westernmost lot is located in unincorporated Pinellas County—offering flexible development potential.
The property currently features a 2, 340 sq. ft. office building, a vacant lot, and an 800 sq. ft. cabin presently used as a residence. Current zoning is Residential/Office Limited (R/O-L), allowing a variety of uses including office, residential, or mixed-use redevelopment.
Strategically located next to Walgreens and across from the new 7-Eleven, this site offers exceptional exposure and accessibility. It’s minutes from St. Pete–Clearwater International Airport, with convenient access to Tampa International Airport, I-275, US Highway 19, and just 20 minutes from the Gulf beaches.
Don’t miss this outstanding opportunity to develop or invest in one of Largo’s most desirable and high-traffic commercial corridors.
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:
$799,000
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 | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.403% | 6.508% | 5.668% |
| Monthly Tax Payment | $534 | $534 | $534 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $3,988 | $5,180 |
| Total Monthly Payment | $4,454 | $4,614 | $5,806 |
* 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.