Development Opportunity in Prime Lakefront Property Multifamily Development
Excellent development opportunity in the thriving city of Orlando, Florida. Located at 643 W Oak Ridge Rd, Orlando, FL 32809, this buildable lakefront land offers immense development potential for a small multifamily or mixed-use project.
Project Overview:
• Land Size: Approximately 3.27 acres, considering the presence of lakefront and small wetland areas. Buildable area 1.6 acres.
• Potential Use: Multifamily Residential project, Single Family Residential project, Mixed-Use Project
• Location: Lakefront property with road frontage on Oak Ridge Rd.
• Utilities: Both sewer and water connections available at land border
• Completed Surveys and Due diligence: A survey and CONSERVATION AREA DETERMINATION have already been completed. High and normal water line marked. Utilities availability map obtained.
• Preconstruction Meeting: Previous entitlement project make the county interested in developing this land.
• Entitlements Status: in 2004 entitled for single family development (6 Single family houses)
• Development Opportunity: The county is in the final stages of adopting new development plan and building code this year. This lot is currently residential R3 zoning, per new code it will get T4.3 High Intensity Neighborhood designation with wide range of further potential designations and uses: low, medium and high intensity mixed use.
Excellent development opportunity in the thriving city of Orlando, Florida. Located at 643 W Oak Ridge Rd, Orlando, FL 32809, this buildable lakefront land offers immense development potential for a small multifamily or mixed-use project.
Project Overview:
• Land Size: Approximately 3.27 acres, considering the presence of lakefront and small wetland areas. Buildable area 1.6 acres.
• Potential Use: Multifamily Residential project, Single Family Residential project, Mixed-Use Project
• Location: Lakefront property with road frontage on Oak Ridge Rd.
• Utilities: Both sewer and water connections available at land border
• Completed Surveys and Due diligence: A survey and CONSERVATION AREA DETERMINATION have already been completed. High and normal water line marked. Utilities availability map obtained.
• Preconstruction Meeting: Previous entitlement project make the county interested in developing this land.
• Entitlements Status: in 2004 entitled for single family development (6 Single family houses)
• Development Opportunity: The county is in the final stages of adopting new development plan and building code this year. This lot is currently residential R3 zoning, per new code it will get T4.3 High Intensity Neighborhood designation with wide range of further potential designations and uses: low, medium and high intensity mixed use.
Property Details
Price:
$750,000
MLS #:
O6194756
Status:
Active
Beds:
0
Baths:
0
Address:
643 W OAK RIDGE ROAD
Type:
Land
Subdivision:
ACREAGE
Neighborhood:
32809 – Orlando/Pinecastle/Oakridge/ Edgewood
City:
ORLANDO
Listed Date:
Apr 18, 2024
State:
FL
ZIP:
32809
Lot Size:
142,441 sqft / 3.27 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$4,014
Map
Community
- Address643 W OAK RIDGE ROAD ORLANDO FL
- SubdivisionACREAGE
- CityORLANDO
- CountyOrange
- Zip Code32809
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Courtesy of UNITED REAL ESTATE PREFERRED. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti 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. Stellar MLS. All rights reserved.
643 W OAK RIDGE ROAD
ORLANDO, FL
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