1371 Hancock Lone Palm Rd Orlando, FL 32828

Property Details for 1371 Hancock Lone Palm Rd

Year built

1959

Property type

Commercial real estate

Description

This exceptional 4.5-acre mixed-use property in Orlando, Florida, presents a unique investment opportunity. The 1959-built main structure boasts nearly 4,400 square feet of living space, adaptable for various uses. Currently configured as a church/retreat, the property offers over 6,000 square feet of additional accessory buildings. The main residence features a remodeled section with a Mediterranean design, including wood and tile floors, custom paint, crown molding, and a striking stone gas fireplace. A gourmet kitchen with an island, wood cabinets, granite countertops, and double ovens is a highlight. The master suite includes a spa-like bathroom with a jetted tub, split vanities, a walk-in shower, and dual closets. The property also includes RV/boat parking, a playground, a shed, and a tranquil pond. Situated on a large 196,020 square foot lot, the property offers significant potential for redevelopment. With no HOA, and close proximity to Downtown Orlando, Waterford Lakes, and major highways, this location provides excellent accessibility. Subject to rezoning to PUD, the property could potentially be subdivided into 17-20 single-family lots, mirroring the adjacent parcel. This rare offering combines residential comfort with substantial commercial or residential development potential, making it an ideal investment for discerning buyers. The asking price is $1,475,000.