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Fronting US Highway 98 North, one of Lakeland’s most heavily traveled major roadways, this 7. 11± acre development opportunity offers exceptional visibility, accessibility, and entitlement flexibility in one of Central Florida’s fastest-growing markets. The property is level and dry and benefits from Public Utilities, with Electric located directly in front of the site, helping to reduce future development costs. The parcel is zoned RL-2 and LCC and lies within a Transit Corridor Overlay and TSDA area which allows for up to 10 dwelling units per acre by residential development by right. The zoning would allow for a mixed use development concept, with commercial or neighborhood along the US-98 frontage and residential development toward the rear of the property, or the RL-2 zone can be applied to the entire site allowing for a full residential development per county code. Residential density allows up to 10 units per Acre, making the site well suited for Townhomes, clustered Single-family homes, or a Blended Commercial/Residential Project. Located just minutes north of Interstate 4, the property enjoys strong traffic exposure, excellent regional connectivity, and proximity to retail centers, employment hubs, and established residential communities. Lakeland’s strategic location between Tampa and Orlando, combined with access to I-4, US-98, US-27, nearby rail infrastructure, and multiple regional airports, continues to drive sustained population and economic growth. Lakeland is home to major employers including Publix Super Markets, GEICO, FedEx, and numerous logistics and distribution centers, supported by a strong labor pool and nearby universities. Solid household incomes and consistent population growth projections reinforce long-term demand for Both Residential and neighborhood Commercial Development along this major roadway. Whether you are planning a Commercial-Front / Residential-Rear Development, a Townhome or Single-family community, or holding for Future appreciation within the US-98 Linear Commercial Corridor, this site delivers the visibility, infrastructure, zoning framework, and market fundamentals to support a successful project.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,999
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $719,999 | $719,999 | $719,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,088 | $4,317 | $5,979 |
| Total Monthly Payment | $4,180 | $4,409 | $6,071 |
* 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.