Minneola Acreage – on US Hwy 27 offers approx. , 6. 50+/- acre Premium Site in South Lake County’s prime development area, Discover a prime location in a fast-growing area. This property is surrounded by thriving commercial developments and offers exceptional accessibility with many commercial development possibilities and easy access to major turnpike routes leading both north and south in Florida, it's perfectly positioned to attract a high volume of traffic. where thousands of homes already exist and new housing units are in the pipeline. With the completion of Florida Turnpike Exit #278, the region is well-equipped to support expansion driven by growth from Orlando. The area is home to the massive Hills of Minneola project, which is currently in development and is expected to include new residential units along with approximately 900, 000 square feet of retail or commercial space, around 800, 000 square feet of office space, and over one million square feet dedicated to industrial, medical, and research facilities. Additionally, about 500, 000 square feet is allocated for a new school and other institutional developments, complemented by plans for a large park, extensive green space, . Adjacent to Clermont, the Olympus community—a 243-acre sports-themed development—is projected to generate a $1. 4 billion economic impact, while in nearby Groveland, Kroger operates over 3000, 000-square-foot, robot-powered customer fulfillment center. This explosive growth, combined with excellent visibility on US Hwy 27 and easy access to all routes, positions the site as a highly attractive investment opportunity.
It makes this an Excellent Commercial Development Possibility on Hwy 27 in Minneola.
All parcels can be combine to add Approx. , 6. 50+/-acres into one cohesive parcel, this development site could be perfectly sized for expansive commercial ventures. Don’t miss this chance to invest in a burgeoning market with significant growth potential.
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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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,291 | $7,684 | $10,371 |
Total Monthly Payment | $7,416 | $7,809 | $10,496 |
* 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.