10880 Colonial Dr Orlando, FL 32817
- Commercial land
- 0.94 lot acres
Current Use by Public Records
- Commercial land
Property Details for 10880 Colonial Dr
- Lot size
- 0.94 lot acres
- Zone code
- C-1
- Property type
- Commercial land
- APN
- 21-22-31-0000-00-103
- APU
- 212231000000103
Description
This exceptional 0.94-acre commercial land parcel, located at 10880 E Colonial Dr, Orlando, FL 32817, presents a unique development opportunity. Situated in Orange County's Union Park Opportunity Zone, this property boasts high visibility and traffic counts due to its proximity to the University of Central Florida (UCF), just 1.4 miles west of Alafaya Trail. The expansive 411,112 square foot lot is zoned C-1 and offers significant potential for a variety of commercial uses, including but not limited to coffee shops, daycare centers, retail establishments, and office spaces. While an easement currently traverses the property, this can be addressed through culvert redirection. Existing retention features can also be reconfigured to optimize the site. The property's advantageous location, combined with its topography and the benefits of the Opportunity Zone designation, makes it an attractive investment for both developers and long-term holders. The asking price is $750,000, translating to $1.82 per square foot. This fee-simple ownership opportunity is rare near UCF, offering a chance for quick gratification through development and sale or long-term holding. The APN is 21-22-31-0000-00-103.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.2258
- Latitude
- 28.5681
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
