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119 ACRES FOR FUTURE DEVELOPMENT SITE - located on the east side of the Suncoast Parkway (589) just south of County Line Road. Property is in PASCO'S FUTURE LAND USE for EC.
Many positives about this property for a developer:
NO FLOOD (X ZONE).
NO WETLANDS.
ALREADY CLEARED.
PROPERTY IS LEVEL.
Located in a DESIGNATED OPPORTUNITY ZONE (The Tax Cuts and Jobs Act of 2017 established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains).
Property is in PASCO'S FUTURE LAND USE for EC - High density residential. The EC land use designation is a mixed use land use category that permits Corporate Business Parks, “Targeted Primary Businesses”, higher density residential, and industrial uses.
There are not many sites with this much acreage available next to the Suncoast parkway for future development. Call now.
Sale includes 7 parcels for a total of 119 acres off the Suncoast parkway (589) near County Line Road. Parcel numbers are:
Parcel ID: 02-24-18-0000-01000-0000 36. 8 acres
Parcel ID: 02-24-18-0000-00900-0000 21. 5 acres
Parcel ID: 02-24-18-0000-01200-0020 7. 5 acres
Parcel ID: 02-24-18-0000-01300-0010 20 acres
Parcel ID: 02-24-18-0000-01300-0030 10 acres
Parcel ID: 02-24-18-0000-01200-0021 15 acres
Parcel ID: 02-24-18-0000-01200-0000 8. 5 acres
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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 | $12,000,000 | $12,000,000 | $12,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.235% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $70,985 | $72,913 | $101,263 |
| Total Monthly Payment | $71,110 | $73,038 | $101,388 |
* 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.