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Looking for the perfect location to bring your next big development to life? This 7-acre parcel is a rare opportunity in a highly strategic location at the intersection of I-95 and Cheney Hwy (SR 50). With unmatched visibility and accessibility, this property is zoned for multiple uses, making it ideal for a variety of developments.
Property Highlights
• Location: Direct access to I-95 and Cheney Hwy, a major East-West corridor.
• Size: 7 acres of high-potential commercial land.
• Exposure: Prime visibility with significant daily traffic from I-95 and local commuters.
• Utilities: Full utilities available, ready for development.
Potential Uses
1. Hotel or Hospitality: Perfect for travelers and business professionals seeking convenience to the highway.
2. Retail Center: Create a shopping destination or mixed-use commercial space.
3. Multi-Family Residential: Ideal for apartments, condos, or aordable housing to serve the growing population.
4. Auto Dealership: Excellent exposure for a agship location.
5. Healthcare Facility: Hospital, urgent care, or senior living center to serve the community.
6. Senior Living Community: Assisted living or 55+ housing with convenient access to services.
Why This Property?
• Located in a rapidly growing area with expanding residential and commercial development.
• Minutes from major employment hubs and recreational attractions.
• Positioned for long-term value with access to a strong local and tourist economy.
Investment Potential
Whether you’re envisioning a retail hub, multi-family community, healthcare campus, or hospitality destination, this property offers the zoning and prime location to make it happen.
Contact me today to explore this unique development opportunity!
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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 | $7,120,000 | $7,120,000 | $7,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.961% | 6.764% | 6.666% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,420 | $45,590 | $62,023 |
Total Monthly Payment | $44,545 | $45,715 | $62,148 |
* 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.