1660 Breezewood St Kissimmee, FL 34744
Exceptional 6.04-acre mixed-use land parcel in Kissimmee, Florida, presents a compelling investment opportunity. Located at 1660 Breezewood St, 34744, this fee-simple property boasts 200 feet of frontage on Neptune Road, a key thoroughfare with a 2021 Annual Average Daily Traffic (AADT) of 23,500 vehicles. Currently zoned for mixed-use development, this site offers significant potential for both commercial and residential projects. The property is divided into two parcels by Breezewood Street: a 1.4-acre front parcel suitable for commercial development and a 4.6-acre rear parcel ideal for multi-family housing. While currently in unincorporated Osceola County, annexation into the City of St. Cloud is required, aligning with the Osceola County-City of St. Cloud Joint Planning Agreement. Note that Neptune Road is slated for expansion to four lanes, enhancing accessibility and visibility. The property is part of St. Cloud's East of Lake Toho Comprehensive Plan element. Development will require adherence to existing limitations on commercial and multi-family unit density within the area, necessitating a conceptual site plan submission to the City of St. Cloud for approval. Infrastructure improvements to Breezewood Street and adjacent Sunnyside Avenue will also be necessary. The asking price for this prime location is $3,500,000. APN: 05-26-30-5230-0017-0120.
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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