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Entitled for ''High Rise, Tower Economics'' with these 2 assemblage parcels, totaling . 42 acres. 18, 354 Sq ft lot ZONED CCBD in an ''Unlimited Height'' section on the Emerald Trail. 365 Park St. & 914 Price St. in Jacksonville Florida 32204. There are 3 major frontages, & 2 major corners ; Park st, Price St. , & Oak St. Vista Brooklyn has built feet away, & are approved for more. Marriott Ext Stay Residence Inn is at 357 Oak St. on the opposing corner.
A $108M Multi-Family project is approved adjacent at 380 Park St . Completed & approved insitutional development is all around. Bring your engineer & site plans. Unlimited commercial potential! Originally the nostalgic DANCE WAREHOUSE & BROOKLYN ROYAL that is still there & can be revitalized. It is a 9054 sq ft building in a great walk score corridor encouraged by DIA. University of Florida is building a campus . 7 mi away. Seller may consider JVs or seller financing. Navigate projects here: https: //share. google/oKx3qWddWVHebs
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Our Executive Mortgage Banker:
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$3,000,000
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 | $2,400,000 | $2,400,000 | $2,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | $478 | $478 | $478 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,389 | $14,583 | $20,253 |
| Total Monthly Payment | $14,992 | $15,186 | $20,856 |
* 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.