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    319 Magnolia Ave Orlando, FL 32801

    Sponsored
    For Sale
    $9,950,000

    Prime Orlando development site. 26-story tower approved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.581-acre land parcel in Orlando, Florida, presents a rare opportunity for high-density development. Located at 319 N Magnolia Ave, in Orange County (zip code 32801), this property boasts an approved plan for a 26-story mixed-use tower, approximately 260 feet tall. The approved plans encompass roughly 232 multifamily residential units, approximately 6,000 square feet of ground-floor retail space, and approximately 15,875 square feet of office space. An integrated parking garage with approximately 280 spaces is also included in the approved design. The site is zoned AC-3A/T and its APN is 26-22-29-8596-00-112. Its prime location near Downtown Orlando and Lake Eola Park offers unparalleled access to major employers, shopping, dining, and entertainment venues. Excellent access to major roadways and public transportation ensures seamless connectivity throughout the city. The surrounding area features a vibrant mix of residential, commercial, and retail developments, creating a thriving urban neighborhood. This is an exceptional investment opportunity in a high-demand market. The asking price for this remarkable property is $9,950,000.

    Property Features for 319 Magnolia Ave

    General Information

    Property type
    Land
    Lot Size
    25,308 SF

    HighLights

    • Prime Downtown Orlando location near Lake Eola Park, offering walkability to employers, shopping, and entertainment.
    • 0.581‑acre site (approx. 25,310 sq ft) with AC‑3A/T zoning and APN 26‑22‑29‑8596‑00‑112.
    • Approved plans for a 26‑story mixed‑use tower including 232 multifamily units, 6,000 sq ft of retail, 15,875 sq ft of office space, and a 280‑space parking garage.
    • Excellent access to major roadways and public transportation.
    • Vibrant urban neighborhood with a mix of residential, commercial, and retail developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    SEO Services Orlando Marketing Agency BestoSEO Solutions - SEO ... Marketing Agency

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3772789
    Latitude
    28.5464703

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    FAQs

    What type of property is this?
    Land - Prime Orlando development site. 26-story tower approved.
    Where is this land located?
    The property is located at 319 Magnolia Ave Orlando, FL.
    What is the asking price?
    The asking price for this property is $9,950,000.
    What are key features of this property?
    This property features: Prime Downtown Orlando location near Lake Eola Park, offering walkability to employers, shopping, and entertainment.; 0.581-acre site (approx. 25,310 sq ft) with AC-3A/T zoning and APN 26-22-29-8596-00-112.; Approved plans for a 26-story mixed-use tower including 232 multifamily units, 6,000 sq ft of retail, 15,875 sq ft of office space, and a 280-space parking garage.
    (813) 538-6844
    Request Owner's contact information
    319 Magnolia Ave Orlando, FL 32801
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    Orlando, FL 32801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    319 Magnolia Ave Orlando, FL 32801
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