Property Attributes
- MLS#O6017620
- TypeLand
- CountyORANGE
- CityORLANDO
- AreaOrlando-Pine Hills
- NeighborhoodFairground Estates
- Zip32808
- Style
- Taxes$ 643
- Price$ 707,750
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.9 Acres
Data Source:
Stellar MLS
Property Description
**Prime Development Opportunity in a Central Florida’s Thriving Opportunity Zone!** Discover a golden chance with this 1.9-acre gem in a Qualified Opportunity Zone, poised for crafting a 22-unit multifamily marvel. Approved by city planning for a large-scale project, this land offers an unparalleled investment prospect. Embrace the potential of this rapidly growing area, a hotspot for rental demand. Imagine a community where modern living meets convenience – your vision can become the new residential benchmark. Its strategic location near amenities ensures high tenant appeal, making it a lucrative venture. Recently completed multifamily projects nearby underscore the area’s development surge. Seize this exceptional opportunity to leave your mark on Central Florida's housing landscape. Act now – transform this vacant lot into a sought-after residential haven!
Price History | |
---|---|
4/13/2022 | Listed $795,000 |
10/31/2022 | 6% - $749,500 |
5/1/2023 | 1% - $745,000 |
11/29/2023 | 5% - $707,750 |
General Features
Sewer | Public Sewer |
---|---|
Utilities | Sewer Available,Water Available |
Zoning | PD/W |
Tax Year | 2021 |
Current Use | Unimproved |
Percent Ownership | Fee Simple |
County | Orange |
Property Type | Land |
HOA / Comm Assn | No |
Subdivision Name | FAIRGROUND ESTATES |
Facing Direction | North |
Status | Active |
Directions | Head East on West Colonial Drive. North onto Mercy Drive. Left onto Arch Street. Lot on Left. |
City | ORLANDO |
Buyer Agent Compensation | 2.5% |
MLS Area | 32808 - Orlando/Pine Hills |
Lot Size Units | Acres |
Lot Size Square Feet | 82764 |
Waterfront Y/N | No |
Street Name | Arch |
Listing Terms | Cash |
Tax Annual Amount | 643 |
Public Remarks | **Prime Development Opportunity in a Central Floridas Thriving Opportunity Zone!** Discover a golden chance with this 1.9-acre gem in a Qualified Opportunity Zone,poised for crafting a 22-unit mul |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6017620 |
Days on Market | 646 |
Living Area Units | Square Feet |
Standard Status | Active |
Tax Lot | 1 |
Legal Description | FAIRGROUND ESTATES 66/42 LOT 1 |
Water Access Y/N | No |
Water View Y/N | No |
Interior Features
Street Suffix | STREET |
---|
Exterior Features
Lot Features | Buildable,Near Public Transit |
---|---|
Water Source | None |
Lot Size Area | 1.9 |
Lot Dimensions | 154 x 486 |
Lot Size Acres | 1.9 |
Road Surface Type | Asphalt |
Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool