Near the biggest retail Millenia Mall in Orlando, here is one excellent MULTIFAMILY development opportunity right on Lake Buchanan. Depending on site plan design, zoning could permit FROM 90-120 units per useable acre which is 3.53 acres of Upland (with a future land use designation of Medium Density Residential that allows 20 units per acre and an additional 25% plus number of units, allowable bonus for workforce/ affordable housing projects). Total acreage of 5.93 includes a retention pond that could possibly be co-used with Orange County. This vacant land is located in Southwest Orlando with a lakefront view of Lake Buchanan. Just minutes from major highways such as I-4, Hwy 441 and Florida Turnpike also additional access to the Millenia Mall Shopping District / Holden Avenue Extension. Being zoned multi-family gives any developer many options to choose from to make this location an excellent investment opportunity. Road extension at Holden Ave gives easy access to Texas Ave. Several waterfront condos or apartments have been built in thie location with parcels upwards of $5 Million to $43 Million. This is lake front with lake access to Lake Buchanan. Traffic count is 162,500 car per day.
Property Details
Price:
$2,500,000
MLS #:
S5100923
Status:
Active
Beds:
0
Baths:
0.00
Address:
4101 S TEXAS AVENUE
Type:
Land
City:
ORLANDO
Listed Date:
Mar 7, 2024 (53 days)
State:
FL
ZIP:
32839
Subdivision:
Lot Size:
122,403 sqft / 2.81 acres (approx)
Year Built:
Schools
Interior
Exterior
Financial
Tax Annual Amount
5133
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
Courtesy of KELLER WILLIAMS LEGACY REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Orlando/Tampa – FL. All rights reserved.
4101 S TEXAS AVENUE
ORLANDO, FL