233 Ronald Reagan Pkwy Davenport, FL 33896
- Mixed-use properties
- 1,568 SF
- 1.87 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 233 Ronald Reagan Pkwy
- Year built
- 1948
- Lot size
- 1.87 lot acres
- Property size
- 1,568 SF
- Property type
- Mixed-use properties
Description
This exceptional 1.87-acre mixed-use property in Davenport, Florida, presents a remarkable investment opportunity. Located at 233 Ronald Reagan Parkway, this 1,568 square foot lot boasts over 420 feet of road frontage on a busy thoroughfare with an impressive 28,500 AADT (2023 average). The property also features over 220 feet of captivating lake frontage, adding significant aesthetic appeal and potential development options. The strategic location provides unparalleled accessibility to major roadways including Interstate 4 (I-4), State Road 429 (SR 429), and State Road 417 (SR 417), ensuring seamless connectivity to surrounding areas and attractions. Situated within the Community Activity Center (CAC) district, the property allows for a diverse range of development possibilities. Permitted uses include hotels, multi-family residential, short-term rentals, offices, department stores, supermarkets, restaurants, and community facilities. The area is experiencing significant growth, with nearby established developments such as Publix Super Market at Loughman Crossing, Mater Academy Davenport, Fantasy Island Resort, and Pointe Grand Apartment Homes. Its proximity to Walt Disney World Resort and other major attractions further enhances its desirability and potential for high returns. This is a rare chance to acquire a prime commercial property in one of Central Florida's most dynamic and rapidly expanding markets. The asking price is $1,190,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Polk
- State
- Florida
- Longitude
- -81.56168
- Latitude
- 28.23851
