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Presented by
Christine M. Kell |
Mixed Use Vacant Commercial Land A RARE Opportunity! Extensive due-diligence materials are already completed, including boundary and parcel maps, topographic survey, utility information, and a pre- approved drainage permit from the St. Johns River Management District. Ownership has explored multiple development scenarios and may share conceptual plans and supporting documentation with qualified buyers.
Positioned at the North Gateway to historic Downtown Mount Dora, this ±1. 64-acre mixeduse parcel represents one of the last remaining ready-to-build vacant lots along the highly sought-after US Highway 441 commercial corridor, near its intersection with
Donnelly Street. The property offers exceptional visibility along Highway 441, enhanced by serene pond frontage that creates a distinctive setting rarely found on major commercial corridors. The site is bordered by national retailers Lowe’s and Ace Hardware, with the
established 44 Gables residential community to the rear, providing strong built-in
demand and synergy for future development. Located within the City of Eustis at its boundary with Mount Dora, the property is zoned
MCR (Mixed-Use Commercial Residential), allowing a wide range of permitted uses including:
• Residential (all types)
• Live/Work concepts
• Medical and professional offices
• Retail and neighborhood commercial uses
• Child or adult care facilities
• Bed & Breakfast
• Select automotive service uses
The site is ideally suited for a mixed-use project combining commercial, office, and/or residential components to serve the surrounding high-growth area. Key attributes include favorable access, efficient lot shape, ideal topography, and strong adjacencies supporting immediate development.
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:
$700,000
Sales Associate
William Raveis Real Estate
Phone: 860.671.1994
Christine.Kell@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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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 | $560,000 | $560,000 | $560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,224 | $3,403 | $4,539 |
| Total Monthly Payment | $3,316 | $3,495 | $4,631 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.