Old Canoe Crk Rd St. Cloud, FL 34772
- Land
- 3.26 lot acres
Current Use by Public Records
- Land
Property Details for 0 Old Canoe Crk Rd
- Lot size
- 3.26 lot acres
- Property type
- Land
Description
This exceptional 3.26-acre commercial land parcel presents a remarkable ground lease development opportunity in rapidly growing St. Cloud, Florida. Strategically located directly off the Florida Turnpike, this property boasts a highly desirable Highway Business (HB) zoning designation, allowing for a diverse range of mixed-use developments. The site comprises two rectangular parcels, totaling 3.26 acres (approximately 1.88 acres and 1.38 acres), already filled and with off-site retention. Utilities are conveniently stubbed to the site along Old Canoe Creek Road. This area is experiencing explosive residential growth, with approximately 19,000 new homes in various stages of development nearby, including significant projects by Kindred/DR Horton and AVHomes. The surrounding East Lake Toho area is planned for substantial expansion, encompassing over 11,000 acres with entitlements for thousands of single-family and multi-family units, plus commercial and office space. The HB zoning permits a variety of uses, including convenience stores, gas stations, restaurants, hotels, retail establishments, grocery stores, schools, and multi-family residential buildings. This presents an unparalleled chance to capitalize on St. Cloud's remarkable growth trajectory, ranked as one of the fastest-growing cities in the US. The property's prime location and flexible zoning make it an ideal investment for developers seeking a high-potential opportunity in a thriving market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Cloud
- County
- Osceola
- State
- Florida
- Longitude
- -81.3155
- Latitude
- 28.2223
