14221 Boggy Creek Rd Orlando, FL 32824
This exceptional 3.24-acre commercial outparcel presents a unique investment opportunity in the rapidly expanding Lake Nona community of Orlando, Florida. Situated at the southeast corner of Boggy Creek Road and New Hope Road, this property boasts 447 feet of frontage on Boggy Creek Road and 318 feet on New Hope Road, ensuring excellent visibility and accessibility. The land is ideally positioned adjacent to a large-scale development currently under construction, comprising 355 multifamily units and 72 townhomes, guaranteeing a substantial and growing customer base. Furthermore, numerous other single-family and multifamily projects are underway in the immediate vicinity, promising a significant influx of residents in the coming years. This area experiences exceptional population growth, far exceeding the national average at 2.96 percent annually. Infrastructure improvements are underway, including the Boggy Creek Road widening project to create a four-lane roadway, and the Osceola Parkway Extension Project, which will significantly enhance accessibility from the south. Located just one mile south of the SR 417 beltway, this property offers convenient access to Downtown Orlando, the University of Central Florida (UCF), and major tourism corridors. A new traffic signal is planned at the intersection of Boggy Creek Road and Beth Road, scheduled for completion by September 2024, further enhancing accessibility and visibility. This property represents a compelling investment opportunity in one of America's fastest-growing master-planned communities. The address is 14221 Boggy Creek Rd, Orlando, FL 32824, within Orange County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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