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539 Lake Ave 0.79 Acres of Commercial Land Offered at $650,000 in Maitland, FL 32751
INVESTMENT HIGHLIGHTS
- You can potentially build 3 single family homes
- Walking distance to Restaurants on Orlando Ave
EXECUTIVE SUMMARY
residential building. The land lot is .79 acres. The property is in
historic Maitland. The buyer can potentially subdivide the property
into three lots. The property is zoned RSF-2. Next door, directly to
the east of the subject property are several single-family residential
properties that sit on 9,000 sf lots. As a quick reference, those
addresses are 1 Barnard Ct Maitland FL, 3 Barnard Ct Maitland FL,
5 Barnard Ct Maitland FL. Those structures average 1,700 sf as
one story properties. A developer should try to do two story
structures to maximize the lot.
The buyer/developer will benefit from not having to carry all of the
debt on the property because there is a tenant occupying the
property. They are paying $1900/month. The seller is also willing to
hold a note on the property for $300,000 down and competitive
interest rate and amortization terms.
PROPERTY FACTS
| Price | $650,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 0.79 AC |
| Property Type | Land | ||
| Zoning | RSF-2 - RESIDENTIAL SINGLE FAMILY | ||
| Price | $650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.79 AC |
| Zoning | RSF-2 - RESIDENTIAL SINGLE FAMILY |
1 LOT AVAILABLE
Lot
| Price | $650,000 | Lot Size | 0.79 AC |
| Price Per AC | $821,147.71 |
| Price | $650,000 |
| Price Per AC | $821,147.71 |
| Lot Size | 0.79 AC |
FRIES PARK HOUSE PROPERTY C/36 COMM NE COR OF LAKE EULALIA HGTS T/40 TH S 206.22 FT FOR POB TH S 287.59 FT TO NLY R/W STATE RD RUN NELY ALONG R/W 134.69 FT N 245.69 FT S 88 DEG W 129.12 FT TO POB
DESCRIPTION
539 Lake Ave Maitland is being sold as a land parcel with a residential building. The land lot is .79 acres. The property is in historic Maitland. The buyer can potentially subdivide the property into three lots. The property is zoned RSF-2. Next door, directly to the east of the subject property are several single-family residential properties that sit on 9,000 sf lots. As a quick reference, those addresses are 1 Barnard Ct Maitland FL, 3 Barnard Ct Maitland FL, 5 Barnard Ct Maitland FL. Those structures average 1,700 sf as one story properties. A developer should try to do two story structures to maximize the lot. The buyer/developer will benefit from not having to carry all of the debt on the property because there is a tenant occupying the property. They are paying $1900/month. The seller is also willing to hold a note on the property for $300,000 down and competitive interest rate and amortization terms. This property is located in historic Maitland. It is walking distance to restaurants and stores on Orlando Ave. Peach Valley Cafe is a short walk away. I-4 is one mile away or a 3 minute drive. There are few less than 1 acre parcels that come available in the Maitland area. Fields BMW is 1.7 miles away. Home Depot is also a short distance from the subject property.
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539 Lake Ave
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