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4101 S Texas Ave
Orlando, FL 32839

Land For Sale · 5.88 AC

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Investment Highlights

Ideal investment for those seeking to capitalize.

Executive Summary

Exciting Multifamily Development Opportunity on Lake Buchanan near Orlando's premier Millenia Mall! This prime 5.93-acre parcel offers a strategic location with potential for up to 90-120 units, thanks to Medium Density Residential zoning and bonus allowances for workforce/affordable housing initiatives.
Enjoy lakefront views and convenient access to I-4, Hwy 441, and the Florida Turnpike, plus proximity to the Millenia Mall Shopping District and Holden Avenue Extension. This site includes 3.53 acres of developable upland and a retention pond that may be shared with Orange County, maximizing its development potential. Don't miss out on this ideal investment opportunity in sought-after Southwest Orlando!

PROPERTY FACTS Under Contract

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Proposed Use	Multifamily Apartment Units - Senior
Property Type	Land	Total Lot Size	5.88 AC

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units - Senior
Total Lot Size	5.88 AC

1 Lot Available

Lot

Price	£1,988,388	Lot Size	5.88 AC
Price Per AC	£338,161

Price	£1,988,388
Price Per AC	£338,161
Lot Size	5.88 AC

5.93-acre parcel offers a strategic location with potential for up to 90-120 units, thanks to Medium Density Residential zoning and bonus allowances for workforce/affordable housing initiatives.

Description

Exciting Multifamily Development Opportunity on Lake Buchanan near Orlando's premier Millenia Mall! This prime 5.93-acre parcel offers a strategic location with potential for up to 90-120 units, thanks to Medium Density Residential zoning and bonus allowances for workforce/affordable housing initiatives. Enjoy lakefront views and convenient access to I-4, Hwy 441, and the Florida Turnpike, plus proximity to the Millenia Mall Shopping District and Holden Avenue Extension. This site includes 3.53 acres of developable upland and a retention pond that may be shared with Orange County, maximizing its development potential. Don't miss out on this ideal investment opportunity in sought-after Southwest Orlando!

PROPERTY TAXES

Parcel Number	29-2310-0000-00-031	Improvements Assessment	£0
Land Assessment	£263,260	Total Assessment	£263,260

PROPERTY TAXES

Parcel Number

29-2310-0000-00-031

Land Assessment

£263,260

Improvements Assessment

£0

Total Assessment

£263,260

zoning

Zoning Code	R-3 (Residential)
R-3 (Residential)

Listing ID: 32336997
Date on Market: 03/07/2024
Last Updated:
Address: 4101 S Texas Ave, Orlando, FL 32839

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