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4101 S Texas Ave 5.88 Acres of Commercial Land Offered at $2,500,000 in Orlando, FL 32839

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INVESTMENT HIGHLIGHTS

  • Ideal investment for those seeking to capitalize.

EXECUTIVE SUMMARY

Exciting Multifamily Development Opportunity on Lake Buchanan near Orlando's premier Millenia Mall! This prime 5.93-acre parcel offers a strategic location with potential for up to 90-120 units, thanks to Medium Density Residential zoning and bonus allowances for workforce/affordable housing initiatives.
Enjoy lakefront views and convenient access to I-4, Hwy 441, and the Florida Turnpike, plus proximity to the Millenia Mall Shopping District and Holden Avenue Extension. This site includes 3.53 acres of developable upland and a retention pond that may be shared with Orange County, maximizing its development potential. Don't miss out on this ideal investment opportunity in sought-after Southwest Orlando!

PROPERTY FACTS

Price $2,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Senior
Total Lot Size 5.88 AC
Zoning R-3 - Residential

1 LOT AVAILABLE

Lot

Price $2,500,000
Price Per AC $425,170.07
Lot Size 5.88 AC

5.93-acre parcel offers a strategic location with potential for up to 90-120 units, thanks to Medium Density Residential zoning and bonus allowances for workforce/affordable housing initiatives.

DESCRIPTION

Exciting Multifamily Development Opportunity on Lake Buchanan near Orlando's premier Millenia Mall! This prime 5.93-acre parcel offers a strategic location with potential for up to 90-120 units, thanks to Medium Density Residential zoning and bonus allowances for workforce/affordable housing initiatives. Enjoy lakefront views and convenient access to I-4, Hwy 441, and the Florida Turnpike, plus proximity to the Millenia Mall Shopping District and Holden Avenue Extension. This site includes 3.53 acres of developable upland and a retention pond that may be shared with Orange County, maximizing its development potential. Don't miss out on this ideal investment opportunity in sought-after Southwest Orlando!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-2329-0000-00-031
Land Assessment
$330,997
Improvements Assessment
$0
Total Assessment
$330,997
  • Listing ID: 32336997

  • Date on Market: 7/3/2024

  • Last Updated:

  • Address: 4101 S Texas Ave, Orlando, FL 32839

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