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Presented by
Kerry McLaughlin |
NEARLY ONE ACRE VERSATILE COMMERCIAL OPPORTUNITY IN A FAST GROWING PUNTA GORDA LOCATION WITH FLEXIBLE TERMS AVAILABLE: This expansive OMI zoned parcel offers a wide range of potential uses and is already prepped for development with partial clearing, added fill, dual access points, a center drive of asphalt millings, and drainage in place. Currently configured as FOUR combined lots into one large parcel, the property provides flexibility for future plans. Seller is open to considering an exchange or trade as well as OWNER FINANCING, creating additional opportunity for buyers and investors. Per the seller, the site may qualify for multifamily use with the ability to develop up to 8 rental units, while OMI zoning also supports medical, office, and institutional applications. Surrounded by Commercial General zoning, there may be potential for rezoning to CG (buyer to verify), opening the door to additional uses such as storage, RV park, warehouse, hospitality, dining, and more. Ideally positioned across from Fat Point Brewing and just minutes from I-75 and historic downtown Punta Gorda, you are close to waterfront views, restaurants, shopping, and entertainment. Punta Gorda Airport is also nearby, making travel easy and accessible. A rare chance to secure a well positioned parcel with strong upside and multiple development paths. SELLER WILL CONSIDER SUBDIVIDING THE PARCEL INTO ONE OR TWO PARCEL PACKAGES.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$100,000
Sales Associate
William Raveis Real Estate
Phone: 860.712.3470
Kerry.McLaughlin@Raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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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 | $80,000 | $80,000 | $80,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $473 | $486 | $648 |
| Total Monthly Payment | $548 | $561 | $723 |
* 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.