4101 S Texas AVENUE, Orlando, FL, 32839
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.
Status:
Active
Type:
Lot / Acreage
Lot Size:
367 x 356
Acreage:
2.81
Est. Taxes:
$5,133
Current Use
Subdivision
Permitted Use
Subdivision
Utilities
BB/HS Internet Available, Electricity Available, Sewer Available, Water Available
Lot Description:
City Lot, In County, Level, Retention Pond, Urban
Days on Market:
4
MLS #:
S5100923
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of KELLER WILLIAMS LEGACY REALTY Phone: 407-855-2222