Development Site in Growing
For Sale
$699,000
4808 S Rio Grande Ave, Orlando, FL 32839
0.86-acre site ideal for affordable housing or multifamily development.
Property SizeContact for details
Days on Market286
Property Features for 4808 S Rio Grande Ave
General Information
Standard status
Active
Property subtype
Land
Building Details
Year Built
1956
Listing Agency:
SVN | Commercial Advisory Group Sarasota
Listed By:
Lance Cobb · License #FL #SL3483253
(941) 356-4781
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Sep 2 at 2:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This 0.86-acre site in Orange County is zoned T4.3, presenting a development opportunity for Affordable Housing, Multifamily, or Mixed-Use projects. The zoning permits a Floor Area Ratio (FAR) of 1.5, supporting residential, commercial, and mixed-use designs. The property allows for 10 to 30 dwelling units per acre, and up to 40 dwelling units per acre under Affordable Housing provisions. A conceptual 21 Townhome Design Site Plan is available. The location provides easy access to Downtown Orlando and the Millenia area. Nearby amenities include The Mall at Millenia, Universal Orlando Resort, and the Orlando International Premium Outlets. The site is situated within minutes of major employment centers, shopping, and transportation. Proximity to major highways such as I-4 and the Florida Turnpike offers convenient regional connectivity. The surrounding neighborhood has experienced steady growth and redevelopment, making this a strategic choice for investors looking to deliver quality, affordable living in a desirable urban setting. The site combines accessibility, favorable zoning, and an active surrounding community to support a successful multifamily development.
Key Highlights
- High‑Density Development Potential: Zoned T4.3, allowing 10‑30 dwelling units per acre, and up to 40 units per acre for Affordable Housing projects.
- Prime Location: Situated in a growing Orlando corridor with easy access to major employment centers, shopping, and transportation.
- Affordable Housing Focus: Ideal for developing projects that meet the strong local demand for attainable housing options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 32839, FL
58,641
Population
24,325
Households
2.4
Avg Household Size
32
Median Age
21%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
7,924
Density / Sq Mi
$50,814
Median Household Income
$31,648
Median Earnings
$1,429
Median Rent
$250,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.86-acre site ideal for affordable housing or multifamily development.
Where is this commercial land located?
The property is located at 4808 S Rio Grande Ave Orlando, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High‑Density Development Potential: Zoned T4.3, allowing 10‑30 dwelling units per acre, and up to 40 units per acre for Affordable Housing projects.; Prime Location: Situated in a growing Orlando corridor with easy access to major employment centers, shopping, and transportation.; Affordable Housing Focus: Ideal for developing projects that meet the strong local demand for attainable housing options.
