Under contract-accepting backup offers. Versatile 188 Acre Development Opportunity in DeSoto County. This expansive property offers a range of possibilities with over three-quarters of a mile of Highway 31 frontage and an ADOT traffic count of 8,700 vehicles per day. Zoned A-5 with public utilities nearby, the property also benefits from a Future Land Use designation of Neighborhood Center, allowing for industrial, office, or institutional opportunities. Property strategically situated on both sides of Highway 31 and near Arcadia Municipal Airport. Conveniently situated just minutes from Highway 70 for seamless east-west travel across Florida and Highway 31, providing direct access to Fort Myers and I-75, this property presents a valuable opportunity for investors, developers, or agricultural ventures
1313 SE Highway 31, Arcadia, FL, 34266
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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