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Rare opportunity to acquire a highly visible 15 acre commercial development site along South River Road, zoned ILW - Industrial Light & Warehousing, within the rapidly growing Wellen Park Corridor. The property backs directly up to greenspace and retention ponds located within the Sarasota County owned Englewood Sports Complex, providing a defined rear boundary and buffering from adjacent uses. The site includes approximately 6. 03 acres of usable land following approved wetland mitigation, with all non-developable acreage located at the rear of the property. This layout allows for an efficient building footprint and strong road frontage. Wetlands and mitigation areas are approved and clearly delineated under the current civil plan, offering clarity and certainty for future development. Positioned on a major arterial roadway, the property benefits from excellent visibility and traffic exposure and has received positive feedback from engineering and trade professionals regarding its development potential. Utilities are readily accessible, with electric service at the property line, water connection on the south side of South River Road, and planned sewer service via a lift station connecting to an 8-inch force main through the Englewood Water District. The substantial buildable footprint is well suited for a wide range of commercial or light industrial users seeking visibility, accessibility, and a strategic location within one of the area’s fastest-growing corridors. The property is located less than one mile from where South River Road transitions into Dearborn Street, near the local post office providing you plenty of convenience and accessibility for your commercial project.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,980,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,384,000 | $2,384,000 | $2,384,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,724 | $14,293 | $19,957 |
| Total Monthly Payment | $13,849 | $14,418 | $20,082 |
* 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.