9.77 +/- acres site recently approved for multi-family, located in Edgewater, FL. Situated on a major thoroughfare, US Highway 1 (Ridgewood Avenue); less than half mile South of Indian River Blvd (US Highway 442). Zoned B-3 Highway Commercial. With the potential of developing an apartment complex of 100+ units. A variety of uses include also automobile services, sales and leasing, boat sales and leasing, day care - children or adult, financial institution, garden & yard supplies, hotel / motel, machine shop / repair, medical / dental offices, recreational uses, restaurants, retail - general, shopping centers. Nearby businesses include Dunkin, Chick-fil-A, Publix, Winn-Dixie, Wells Fargo, CVS, Jiffy Lube and Best Western. Anticipated Deering Park Center will be located less than 5 miles away and has been approved for 1,362 homes.
2310 S Ridgewood AVENUE, Edgewater, FL, 32141
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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