Old Kissimmee rd - Old Kissimmee Road Multifamily Development
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Old Kissimmee rd - Old Kissimmee Road Multifamily Development
10.34 Acres of Commercial Land Offered at £2,844,036 in Davenport, FL 33896
Investment Highlights
- Multifamily development opportunity, zoning allows for 3-4 story complex
- Located in one of the fastest growing counties
- Great location with proximity to major developments and thoroughfares such as I-4 & Hwy 17-92
Executive Summary
This site is a great multifamily development opportunity, located within the fastest growing area of the county. It is just over 10 acres and there are about 8.4 ± upland acres and 2 ± wetland acres. The vacant land is zoned RMX which allows for 15 units/acre however, with planning commission approval it could allow for 20 units/acre.
Townhouse or multifamily developments such as apartments would be ideal for this site. The RMX zoning allows for a 3-4 story complex with a 50 FT height allowance and 120 units or with planning commission approval, 180 units. In addition, the site would require two (2) access points.
A major advantage of this property is its location. With Polk County being one of the fastest growing counties in the state, there is a continued demand for real estate. This site in particular is within the I-4 corridor, only 1 ± hour east of Tampa and 35 ± minutes south of Orlando. Major developments are underway with the recent development of the Publix Super Market at Loughman Crossing, the new Mater Academy charter school just south of the site, and a proposed 288 unit apartment complex at the southwest corner of Ronald Reagan Pkwy and Hwy 17-92. In addition, this site is adjacent to Loughman Park with amenities such as soccer, basketball, and a playground.
Townhouse or multifamily developments such as apartments would be ideal for this site. The RMX zoning allows for a 3-4 story complex with a 50 FT height allowance and 120 units or with planning commission approval, 180 units. In addition, the site would require two (2) access points.
A major advantage of this property is its location. With Polk County being one of the fastest growing counties in the state, there is a continued demand for real estate. This site in particular is within the I-4 corridor, only 1 ± hour east of Tampa and 35 ± minutes south of Orlando. Major developments are underway with the recent development of the Publix Super Market at Loughman Crossing, the new Mater Academy charter school just south of the site, and a proposed 288 unit apartment complex at the southwest corner of Ronald Reagan Pkwy and Hwy 17-92. In addition, this site is adjacent to Loughman Park with amenities such as soccer, basketball, and a playground.
Property Facts
1 Lot Available
Lot
| Price | £2,844,036 | Lot Size | 10.34 AC |
| Price Per AC | £275,052 |
| Price | £2,844,036 |
| Price Per AC | £275,052 |
| Lot Size | 10.34 AC |
10.34 Acre Price Per Acre $348,162
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PROPERTY TAXES
| Parcel Number | 27-26-12-702500-004191 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £120,769 |
PROPERTY TAXES
Parcel Number
27-26-12-702500-004191
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£120,769
zoning
| Zoning Code | RMX (RMX - 0-15 units/acre) |
| RMX (RMX - 0-15 units/acre) |
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Eric Ammon -
Craig Morby -
SVN | Saunders Ralston Dantzler Real Estate
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Old Kissimmee rd - Old Kissimmee Road Multifamily Development
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