Orlando Lake Eola 5 Land Properties Offered at $7,500,000 in Orlando, FL

Prime Real Estate Investment. Located in the heart of downtown Orlando near beautiful Lake Eola. Here is your opportunity to invest in Orlando's vibrant South Eola neighborhood high visibilty site, offer fromntage on three streets with bustling Lake Eola Park and Thornton Park one block away, a prime location for future development. A PORTFOLIO OF 5 ADJACENT LOTS, .59 acres, Zoned MXD-2/T, SUITABLE FOR MIXED-USE DEVELOPMENT AND SURROUNDED BY HIGH-RISES.
Frontage is on three streets, S. Osceola, E. Church St., and E. Pine St. Two of the lots are vacant, there are existing buildings on three of the properties that are occupied and income generating providing an immediate revenue stream for the new owners while redevelopment plans begin. All spaces are currently at full occupancy and presently, provides gross income of $24,000.per month that can transfer to the new owner if desired.
The total site measures 0.59 acres with total of 25,804.11 square feet of land. The site is immediately adjacent to The Sanctuary upscale multifamily development, one block South of Lake Eola and benefits from numerous walkable amenities including dining, shopping, grocery stores and recreation.
The South Eola neighborhood is the most walkable neighborhood in Orlando featuring brick paved streets shaded by oak trees within a short walking distance to Lake Eola Park, a hub for restaurants, shopping, dining, and special events. This distinctive area combine the best of Orlando, natural beauty, history, fun events and the Orlando Farmers Market.
The City Beautiful is known as "The Theme Park Capital of the World". From the Magic Kingdom to the excitement of Orlando City's Soccer games, Orlando offers something to do for the whole family. Its' tourist attractions draw approximately 70 million tourists a year including international guests.
Orlando's multifamily grew by 40% in the previous decade as the population swelled. U.S. Census Bureau estimates have found that roughly 1,200 new residents are moving to Orlando each week. It is the home of the University of Central Florida, the second largest university in the nation and one of the top research universities. The Orlando International Airport (MCO) is one of the busiest airports in the United states.
Forbes has ranked Orange County's City of Orlando one of the fastest growing cities in the nation. Highlighting Dr. Phillips Center for the Performing Arts, and Sun Rail-the nation's newest commuter rail system. Forbes has also- ranked Orlando as one of the top ten best cities Americans are moving to.