Multifamily Development Land
For Sale
$799,000
5574 Old Cheney Highway, Orlando, FL 32807
Vacant six-parcel assemblage zoned R-3, with conceptual plans for a 20-unit multifamily community.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market128
Property Features for 5574 Old Cheney Highway
General Information
Standard status
Active
Total Parking Spaces
42
Lot size
1.00 Acre
Property subtype
Land or Vacant Lot
Zoning
R-3
Additional Details
Highway Access
Yes
Amenities
Interior Lot
Listing Agency:
REIGN REALTY LLC
Listed By:
RUBI RODRIGUEZ · License #A12009037
Source:
Corcoran
Added: Apr 28
Changed: Sep 2
Last Checked: Sep 1 at 8:35PM
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 REIGN REALTY LLC
Investment Insights
Based on property information with market context.
Vacant, undeveloped land offered as a six-parcel assemblage for a multifamily development opportunity. The property is zoned R-3 and includes conceptual plans for a 20-unit multifamily community with 8 two-bedroom/one-bath units and 12 one-bedroom/one-bath units, along with 42 parking spaces. A Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, and additional development documentation is available for review.
The site fronts along Old Cheney Highway and is described as providing convenient access to major highways as well as Downtown Orlando and Orlando International Airport, with nearby shopping, dining, parks, schools, and public transportation.
The offering includes all six parcels included in the assemblage.
The site fronts along Old Cheney Highway and is described as providing convenient access to major highways as well as Downtown Orlando and Orlando International Airport, with nearby shopping, dining, parks, schools, and public transportation.
The offering includes all six parcels included in the assemblage.
Key Highlights
- Nearly 1‑acre vacant six‑parcel assemblage in Orlando, zoned R‑3, with sale including all six parcels
- Conceptual plans prepared for a 20‑unit multifamily community: 8 two‑bedroom/one‑bath and 12 one‑bedroom/one‑bath units
- Conceptual site plan includes 42 parking spaces for the proposed 20‑unit multifamily development
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant six-parcel assemblage zoned R-3, with conceptual plans for a 20-unit multifamily community.
Where is this residential land & home lot located?
The property is located at 5574 Old Cheney Highway Orlando, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Nearly 1‑acre vacant six‑parcel assemblage in Orlando, zoned R‑3, with sale including all six parcels; Conceptual plans prepared for a 20‑unit multifamily community: 8 two‑bedroom/one‑bath and 12 one‑bedroom/one‑bath units; Conceptual site plan includes 42 parking spaces for the proposed 20‑unit multifamily development
