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Presented by
Laurie Malcom |
This is a super development opportunity on US 92 E in Lakeland, at the busy corridor of US 92 and N Combee Road, next door to Harveys Supermarket.
Zoned LCC, unincorporated Polk County, the use possibilities are endless in regards to retail, office, restaurant, and possible warehousing or light manufacturing, or a car dealership.
The corridor is well travelled and is a major thoroughfare that tracks through the entire state of Florida. The City of Lakeland and Polk County are amongst the fastest growing centers in the United States. This thoroughfare sees 35, 000+ vehicles daily, and is home to various other businesses, including grocery, car dealers and fast food restaurants.
As a result of a previous development deal, the owner has a plethora of due diligence information, including engineering reports, wetlands information, survey, environmental reports, and site plans. The former project was given a green light prior to the company's decision to go a different direction with the proposed use.
The location of this property is within 10 minutes of downtown Lakeland, 12-15 minutes to Interstate 4 and the Polk Parkway, and 15 minutes to Winter Haven & Auburndale.
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:
$800,000
Sales Associate
William Raveis Real Estate
Phone: 617.529.5466
Laurie.Malcom@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 781.490.5670
Andrew.vanDyk@raveis.com
NMLS Mortgage Loan Originator ID 23716
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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 | $640,000 | $640,000 | $640,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.443% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,735 | $3,941 | $5,187 |
| Total Monthly Payment | $3,827 | $4,033 | $5,279 |
* 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.