Entitled 10 acre corner property at the lighted intersection of 44-Bypass and 44A in Eustis Fl. There is 450 new homes across the street, plus 100 homes next to this property. 950 new homes are approved on the opposite side of the lighted intersection. Making this approved retail center a perfect investment. The site plan is approved, there is a Developers Agreement signed by the City of Eustis. There is water, sewer and gas at the front of the property. An additional 2.9 acres can be purchased contiguous with this property fronting 44A if needed, it is currently approved and zoned warehousing. both properties are in the City of Eustis. I am a licensed Realtor and the owner/seller. I will hold a mortgage with interest only terms. 8% for the first 2 yr term, and 9% for the second 2 yr term. No prepayment penalty Terms and purchase price can be adjusted if builder wants to provide a white box unit anywhere on the property.
Financial Considerations
Price:
$2,900,000
HOA Fee:
N/A
Tax Amount:
$47
Price per SqFt:
$29000000
Tax Legal Description:
REHRER'S SUB PB 1 PG 50 BEGINNING AT THE NORTHWEST CORNER OF TRACT S SPRING RIDGE ESTATES PB 58 PG 28 AND WITH THE EASTERLY RIGHT OF WAY LINE OF COUNTY ROAD NO 44 RUN NORTH 00-04-26 WEST 115.21 FEET TO THE INTERSECTION OF THE EASTERLY RIGHT OF WAY LI NE OF SAID COUNTY ROAD NO 44 AND THE NORTHERLY LINE OF SAID LOT 7 THENCE CONTINUE WITH THE EASTERLY RIGHT OF WAY LINE OF SAID COUNTY ROAD NO 44 NORTH 00-13-04 WEST 366.04 FEET TO THE BEGINNING OF A NON-TANGENT CURVE CONCAVE SOUTHEASTERLY THENCE WITH A RADIUS OF 258.33 FEET A DELTA OF 90-32-39 AND A CHORD BEARING AND DISTANCE OF NORTH 45-01-32 EAST 367.07 FEET NORTHEASTERLY ALONG SAID CURVE AN ARC LENGTH OF 408.24 FEET TO THE END OF SAID CURVE ON THE SOUTHERLY RIGHT OF WAY LINE OF COUNTY