Thank you
Hazel Heyer
KELLER WILLIAMS LEGACY REALTY
407-855-2222
Near the biggest retail Millenia Mall in Orlando, here is one excellent MULTIFAMILY development opportunity right on Lake Buchanan. Depending on site plan design, zoning could permit FROM 90-120 units per useable acre which is 3.53 acres of Upland (with a future land use designation of Medium Density Residential that allows 20 units per acre and an additional 25% plus number of units, allowable bonus for workforce/ affordable housing projects). Total acreage of 5.93 includes a retention pond that could possibly be co-used with Orange County. This vacant land is located in Southwest Orlando with a lakefront view of Lake Buchanan. Just minutes from major highways such as I-4, Hwy 441 and Florida Turnpike also additional access to the Millenia Mall Shopping District / Holden Avenue Extension. Being zoned multi-family gives any developer many options to choose from to make this location an excellent investment opportunity. Road extension at Holden Ave gives easy access to Texas Ave. Several waterfront condos or apartments have been built in thie location with parcels upwards of $5 Million to $43 Million. This is lake front with lake access to Lake Buchanan. Traffic count is 162,500 car per day.
Water front: 1
WaterSource: Public
Lot Dimensions: 367x356
Lot Description: City Limits, In County, Level, Retention Pond, Paved, Urban
Lot Square Feet: 122403
Lot Acres: 2.81
Lot Size (SqMt): 11372
Property Type: Land
Original List Price: $2500000
Tax Block: 00
Tax Book Number: 00
Tax Lot: 31
Tax Legal Description: FROM SE COR OF N1/2 OF NE1/4 OF SW1/4 RUN W 1328.25 FT FOR POB S 663.71 FT TO SECOR OF NW1/4 OF SW1/4 W 356 FT N 781.14FT SELY ALONG CURVE 328.39 FT TH ALONGREVERSE CURVE 39.44 FT S 37.81 FT TO POBIN SEC 10-23-29
Annual Tax: $5133
Tax Year: 2023
Parcel Number: 10-23-29-0000-00-031
BB/HS Internet Available, Electricity Available, Sewer Available, Water Available
Sewer: Public Sewer
Water Source: Public
City: ORLANDO
Direction: Drive north on S John Young Parkway, Right on Holden Ave, Left on S Texas Ave, property is on the right, cleared fenced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3809 S Tampa Avenue, Orlando, FL,32839 | $399,000 | -- | -- | 109,336 | 2.51 Acres |
1948 Lake Atriums Circl.., Orlando, FL,32839 | $160,000 | 2 | 2 | 864 | 0.22 Acre |
1850-1900 Holden Avenue, Orlando, FL,32839 | $380,000 | -- | -- | 121,097 | 3 Acres |
1204 41st Street, Orlando, FL,32839 | $2,800,000 | 5 | 4 | 4,021 | 10 Acres |
5804 Joyce Street, Orlando, FL,32839 | $174,100 | 3 | 2 | 1,097 | 0.17 Acre |
4350 S Texas Avenue, Orlando, FL,32839 | $139,000 | -- | -- | 14,810 | 0.34 Acre |
2117 Lyme Bay Drive #604, Orlando, FL,32839 | $92,600 | 1 | 1 | 670 | 0.02 Acre |
2300 Presidio Place, Orlando, FL,32839 | $980,000 | -- | -- | 520,109 | 11.94 Acres |
2508 Lemon Tree Lane #D, Orlando, FL,32839 | $108,000 | 1 | 1 | 729 | 0.02 Acre |
3702 Palm Desert Lane #.., Orlando, FL,32839 | $195,000 | 2 | 2 | 947 | 0.23 Acre |
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Based on information submitted to the MLS GRID as of 05/05/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/05/2024 @ 18:20
MLS: MFRMLS #S5100923
LISTED BY: Hazel Heyer, KELLER WILLIAMS LEGACY REALTY
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.