14154 Ward Rd Orlando, FL 32824
This exceptional 9.82-acre commercial land parcel presents a unique investment opportunity in the prestigious Lake Preserve/Lake Nona subdivision of Orlando, Florida. Located at 14154 Ward Road, this fee-simple property boasts A-2 zoning, allowing for a variety of development possibilities. Preliminary estimates suggest potential for approximately 44 single-family homes or 88 townhouses, capitalizing on the high demand for residential properties in this upscale neighborhood. The lot, measuring 630 feet by 630 feet, is characterized by mature landscaping and numerous oak trees. Significant infrastructure advantages exist, with water, sewer, electric, hydrant, and cable services readily available at the property line, potentially saving substantial development costs. The property's APN is 33-24-30-0000-00-007. Given the current market value of comparable land in Lake Nona, ranging from $800,000 to $1.2 million per acre, this offering represents a compelling investment at an asking price of $6,500,000. This is the last remaining 10-acre parcel within the subdivision, making it a truly rare and highly desirable acquisition. The property is situated in Orange County, Florida, with a zip code of 32824.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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