Current Use by Public Records
- Land
Property Details for 0 Old Kissimmee Rd
- Lot size
- 10.34 lot acres
- Property type
- Land
Description
This exceptional 10.34-acre parcel in Davenport, Florida (APN: 27-26-12-702500-004191), presents a prime multifamily development opportunity. Zoned RMX, it allows for a high-density development, with potential for 15 units per acre, or up to 20 units per acre with planning commission approval. The site offers approximately 8.4 upland acres and 2 wetland acres, suitable for a 3-4 story complex, up to 50 feet in height. With current zoning, the site could accommodate 120 units, or 180 units with planning commission approval. Two access points will be required. This property benefits from its strategic location within Polk County, one of Florida's fastest-growing counties, offering strong rental demand. Situated in the I-4 corridor, it's approximately one hour east of Tampa and 35 minutes south of Orlando, providing convenient access to major employment centers and amenities. Nearby developments include the Publix Super Market at Loughman Crossing, a new Mater Academy charter school, and a proposed 288-unit apartment complex. The property is also adjacent to Loughman Park, offering recreational amenities. The asking price is $3,600,000, translating to $348,162 per acre. This represents a compelling investment in a high-growth area with significant development potential. Townhouse or multifamily developments such as apartments would be ideal for this site.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loughman
- County
- Polk
- State
- Florida
- Longitude
- -81.5576
- Latitude
- 28.245
