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OFF-MARKET
Land

290 Milky Way Winter Springs, FL 32708

5.47 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.47-acre commercial land parcel in Winter Springs, Florida, presents a remarkable investment opportunity. Located at 290 & 300 Tuskawilla Road & 1258 Milky Way, this property boasts 460 feet of frontage on Tuskawilla Road, a major thoroughfare with an impressive 34,000 average annual daily traffic count (AADT). The site is entirely buildable, with no wetlands, making it ideal for a townhouse development. The asking price of $1,630,000 reflects a price per acre of $47,900, calculated to accommodate approximately 34 lots, plus an area designated for master retention. The property is zoned A-1 with a Future Land Use designation of MDR (Seminole County), and both the City of Winter Springs and a neighboring Homeowners Association support rezoning and utility annexation. Its strategic location offers convenient access to major roadways, including proximity to SR 434, and easy access to the SR 434 & SR 417 (GreeneWay) interchange (3 miles) and the SR 434 & US Hwy 17-92 interchange (5 miles). Furthermore, its proximity to Winter Springs Marketplace and Winter Springs Town Center shopping centers, as well as Keeth Elementary and Indian Trails Middle Schools, enhances its appeal and potential. This property represents a rare opportunity to develop a thriving residential community in a highly desirable location. The 32708 zip code further underscores the property's prime location within Winter Springs, Seminole County.

Property profile
Verified
Property type Land
Lot 5.47 ac (238,273 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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