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    1989 Slavia Rd Oviedo, FL 32765

    Sponsored
    For Sale
    $2,500,000

    Prime Oviedo development land near SR 417. 5+ net developable acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 7.68-acre commercial and residential land parcel in Oviedo, Florida, is available for $2,500,000. This strategically located property boasts approximately 800 feet of road frontage on Slavia Road, placing it just 1.1 miles west of the SR 417/Red Bug Lake Road interchange, offering convenient access to major transportation routes. The site is zoned PD (Planned Development) and is part of the Stone Commercial Office Center Planned Development. A significant advantage is the pre-purchased wetland mitigation credits, resulting in approximately 5 net acres available for development. Utilities are readily available. The property's APN is 16-21-31-5CA-0000-067A. This presents a unique opportunity for developers seeking a prime location in a thriving Seminole County market. The address is 1989 Slavia Rd, Oviedo, FL 32765.

    Property Features for 1989 Slavia Rd

    General Information

    Property type
    Land
    Lot Size
    334,541 SF

    HighLights

    • 7.68‑acre commercial and residential land parcel in Oviedo, FL, priced at $2,500,000.
    • Approximately 800 feet of road frontage on Slavia Road, 1.1 miles from SR 417/Red Bug Lake Road interchange.
    • PD (Planned Development) zoning within the Stone Commercial Office Center Planned Development.
    • 5 net acres developable due to pre‑purchased wetland mitigation credits.
    • Utilities readily available.
    • Property APN: 16‑21‑31‑5CA‑0000‑067A, address: 1989 Slavia Rd, Oviedo, FL 32765.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.24280058134
    Latitude
    28.648166733966

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    FAQs

    What type of property is this?
    Land - Prime Oviedo development land near SR 417. 5+ net developable acres.
    Where is this land located?
    The property is located at 1989 Slavia Rd Oviedo, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 7.68-acre commercial and residential land parcel in Oviedo, FL, priced at $2,500,000.; Approximately 800 feet of road frontage on Slavia Road, 1.1 miles from SR 417/Red Bug Lake Road interchange.; PD (Planned Development) zoning within the Stone Commercial Office Center Planned Development.
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    Oviedo, FL 32765
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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
    1989 Slavia Rd Oviedo, FL 32765
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