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121-175 Chapman Road Rd
Oviedo, FL 32765
Chapman Heights · Land For Sale
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2.40 AC
Investment Highlights
- Beautifully treed property located on 4 laned Chapman Road. Currently drawing an income from 4 homes and 1 office building located on 5 lots.
Executive Summary
For smaller investors, owner willing to sell sites individually for a possible 34 unit development and 22 unit development.
Owner is currently working with the City of Oviedo to create a mixed use development. Owner is also working with Seminole County for access to sewer (across street). Seminole County water located at front of site.
Two single family homes are leased on a month to month basis drawing $4,000 per month.
Property Facts
1 Lot Available
Lot
| Price | $2,700,000 | Lot Size | 2.40 AC |
| Price Per AC | $1,125,000.00 |
| Price | $2,700,000 |
| Price Per AC | $1,125,000.00 |
| Lot Size | 2.40 AC |
2.4 acres w 400' frontage on 4-laned Chapman Rd located at full access median cut. Site includes 121 W. Chapman and 175 W. Chapman Rd with potential for offsite improvements on lots to the east of site. Zoning allows 24 units/acre and up to 4 stories
Description
2.4 acres with 400' frontage on 4-laned Chapman Road located at full access median cut. Site includes 121 and 175 W. Chapman Road. Possible offsite improvements on the lots to the east. Site is part of a planned 5.25 acre mixed-use development. Zoned OC - mixed use allows 24 residential units per acre for total 57 units. For smaller investors, owner willing to sell sites individually for a possible 34 unit development and 22 unit development. Owner is currently working with the City of Oviedo to create a mixed-use development. Owner is also working with Seminole County for access to sewer (across street). Seminole County water located at front of site. Two single family homes are leased on a month to month basis drawing $4,000 per month.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,400,880 | |
| Land Assessment | $1,523,503 | Total Assessment | $2,924,383 |
Property Taxes
