Thank you
Michael Bellamy
REDFIN CORPORATION
407-708-9747
**Prime Development Opportunity in a Central Florida’s Thriving Opportunity Zone!** Discover a golden chance with this 1.9-acre gem in a Qualified Opportunity Zone, poised for crafting a 22-unit multifamily marvel. Approved by city planning for a large-scale project, this land offers an unparalleled investment prospect. Embrace the potential of this rapidly growing area, a hotspot for rental demand. Imagine a community where modern living meets convenience – your vision can become the new residential benchmark. Its strategic location near amenities ensures high tenant appeal, making it a lucrative venture. Recently completed multifamily projects nearby underscore the area’s development surge. Seize this exceptional opportunity to leave your mark on Central Florida's housing landscape. Act now – transform this vacant lot into a sought-after residential haven!
WaterSource: None
Lot Dimensions: 154x486
Lot Description: Buildable, Near Public Transit
Lot Square Feet: 82764
Lot Acres: 1.9
Lot Size (SqMt): 7689
Property Type: Land
Original List Price: $795000
Tax Block: 00
Tax Book Number: 66-42
Tax Lot: 1
Tax Legal Description: FAIRGROUND ESTATES 66/42 LOT 1
Annual Tax: $643
Tax Year: 2021
Parcel Number: 20-22-29-2590-00-010
Sewer Available, Water Available
Sewer: Public Sewer
Water Source: None
Subdivision: FAIRGROUND ESTATES
City: ORLANDO
Direction: Head East on West Colonial Drive. North onto Mercy Drive. Left onto Arch Street. Lot on Left.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3431 Shader Road, Orlando, FL,32808 | $999,900 | -- | -- | 78,408 | 1.8 Acres |
3987 Versailles Drive #.., Orlando, FL,32808 | $147,900 | 2 | 2 | 1,165 | 0.35 Acre |
5173 Clarion Oaks Drive, Orlando, FL,32808 | $390,000 | 4 | 2 | 1,586 | 0.19 Acre |
1325 Abbeyville Road, Orlando, FL,32808 | $305,000 | 3 | 2 | 1,233 | 0.19 Acre |
6120 Denson Drive, Orlando, FL,32808 | $324,900 | 3 | 2 | 1,500 | 0.19 Acre |
5302 Balboa Drive, Orlando, FL,32808 | $315,000 | 3 | 2 | 1,438 | 0.19 Acre |
4194 Versailles Drive #.., Orlando, FL,32808 | $179,000 | 2 | 2 | 1,183 | -- |
4007 Dijon Drive #K, Orlando, FL,32808 | $170,900 | 2 | 3 | 1,402 | 0.16 Acre |
5017 Bermuda Circle, Orlando, FL,32808 | $299,500 | 2 | 3 | 1,872 | 0.05 Acre |
802 Ferndell Road, Orlando, FL,32808 | $275,000 | 3 | 2 | 952 | 0.16 Acre |
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Based on information submitted to the MLS GRID as of 04/28/2024 @ 06:20. 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.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 04/28/2024 @ 06:20
MLS: MFRMLS #O6017620
LISTED BY: Michael Bellamy, REDFIN CORPORATION
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%
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.