2224 Greenacre Rd Apopka, FL 32703
This exceptional 6.98-acre commercial and residential land parcel in Apopka, Florida, presents a significant development opportunity. Located at 2224 Greenacre Rd, this property boasts high visibility due to its location near major retailers like Walmart and Sam's Club, and a cumulative average daily traffic count of 51,000. The site offers full road frontage on three sides, providing excellent access and exposure. Currently zoned RSF-1B, it has previously held commercial zoning and enjoys city planning support for potential rezoning. The property is strategically situated adjacent to a car wash and Wawa, and benefits from easy access to major roadways. City engineers indicate sufficient water and sewer capacity, and city planners have expressed past support for a rezone. This makes it ideal for a variety of developments, including a medical office campus. The property is a fee simple ownership and is available for a 1031 exchange. The asking price is $2,499,000, with a land value of $8.21 per square foot. The property is conveniently located near a new hospital development and serves a demographic with a median household income of approximately $60,577 and a 3-mile population of over 73,500. Nearby schools include Lovell Elementary, Piedmont Lakes Middle, and Wekiva High School. Parcel ID: 13-21-28-0000-00-026.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.