Fully Approved 256-Unit Multifamily Development — Sale in Orlando, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Orlando, FL 32839

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Description

Positioned along a high-traffic commercial corridor in Orlando, this permit-ready, partial lakefront development site offers an exceptional in-fill multifamily opportunity at just $19,100 per unit. The fully approved property features a 256-unit, four-story garden-style walkup design with extensive due diligence already completed, alongside an alternative three-story concept plan. Benefiting from direct frontage on South Orange Blossom Trail with over 52,000 vehicles per day, the location provides seamless connectivity to Downtown Orlando, major theme parks, and the nearby Mall at Millenia shopping district. Furthermore, the property sits directly adjacent to the Edgewood Park of Commerce, a massive seven hundred fifty thousand square foot Class A industrial complex currently under construction. Surrounded by a rapidly expanding submarket with strong and growing household incomes, this offering delivers immediate scalability in a high-demand Florida market. Investment Highlights: • Partial Lakefront Permit Ready Development Site: Site is fully approved for 256-units, 4 story garden style walk up with extensive due diligence already complete (Phase I, Geotech. etc). • High-Visibility Commercial Corridor: Direct frontage on S. Orange Blossom Trail with 52,500 AADT, providing seamless connectivity between major commercial and tourism hubs, including Downtown Orlando, • Directly Adjacent to New Class A Industrial Complex: Currently under construction, The Edgewood Park of Commerce will comprise of six buildings across a ±750,000 SF footprint. • Impressive Submarket Growth with Increasing Incomes: Surrounding population has grown nearly 20% since 2010. 272,000 population with Avg. HHI of $87k within 5 miles. Surrounding site incomes expected to grow 18% within the next year.

Market Context

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