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State Road 438 - Colonial Drive Development Land 5.16 Acres of Commercial Land Offered at $4,900,000 in Oakland, FL 34787
Investment Highlights
- 32,117 SF building
- Zoned PD - FLU: Mixed Use Activity Center
- 72 units
- Prime location in Oakland
Executive Summary
Situated along the highly traveled W. Colonial Drive (SR-50), this 5.16± acre development opportunity offers a premier location within one of West Orange County's fastest- growing corridors. Designated for Mixed Use Activity Center and zoned Planned Development (PD), the property provides exceptional flexibility for developers seeking to capitalize on the area's continued residential and commercial growth.
Located adjacent to The Grove community and surrounded by expanding residential neighborhoods, retail amenities, and strong demographic growth, this property presents an outstanding opportunity to create a signature mixed-use project in one of Central Florida's most desirable submarkets.
*Permitted development guidelines for this property through City of Oakland
Development Agreement include:
• Multifamily Residential: 72 Units (Maximum)
• Commercial: 48,000 SF (Maximum)
• Open Space/Stormwater: 1.03 ± Acres (Minimum)
Located adjacent to The Grove community and surrounded by expanding residential neighborhoods, retail amenities, and strong demographic growth, this property presents an outstanding opportunity to create a signature mixed-use project in one of Central Florida's most desirable submarkets.
*Permitted development guidelines for this property through City of Oakland
Development Agreement include:
• Multifamily Residential: 72 Units (Maximum)
• Commercial: 48,000 SF (Maximum)
• Open Space/Stormwater: 1.03 ± Acres (Minimum)
Property Facts
| Price | $4,900,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.16 AC |
| Property Type | Land | ||
| Zoning | PD | ||
| Price | $4,900,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.16 AC |
| Zoning | PD |
1 Lot Available
Lot
| Price | $4,900,000 | Lot Size | 5.16 AC |
| Price Per AC | $949,612.40 |
| Price | $4,900,000 |
| Price Per AC | $949,612.40 |
| Lot Size | 5.16 AC |
5.16± acre development opportunity offers a premier location within one of West Orange County's fastest- growing corridors. Designated for Mixed Use Activity Center and zoned Planned Development (PD).
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Contacts
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David Hungerford -
Clay Taylor -
Joey Hungerford -
Clayton Taylor -
Saunders Ralston Dantzler Commercial Real Estate
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