1205 Nela Ave Orlando, FL 32809
- Commercial real estate
- 100,464 SF
- 2.31 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1205 Nela Ave
- Lot size
- 2.31 lot acres
- Property size
- 100,464 SF
- Property type
- Commercial real estate
Description
This exceptional 2.31-acre vacant land parcel in Orlando, Florida, presents a remarkable development opportunity. Located at 1205 Nela Avenue, zip code 32809, this property boasts 100,464 square feet and is zoned R-2 Low/Medium density. The site comes with pre-approved permits for a twelve-unit apartment complex, significantly streamlining the development process and reducing potential delays. However, the R-2 zoning allows for the potential development of up to twenty dwelling units, offering considerable flexibility and potential for increased return on investment. This prime location in Orlando offers easy access to major transportation routes, amenities, and a thriving local economy. The property's substantial size and approved permits make it an ideal investment for developers seeking a quick start on a lucrative multi-family project. Serious inquiries are encouraged to explore the full potential of this exceptional development opportunity. The asking price for this strategically located and permitted land is $1,255,000. Detailed site plans and permit information are available upon request.
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
- Orlando
- County
- 12095
- State
- Florida
- Longitude
- -81.363723
- Latitude
- 28.4621776
