240 Wynell Dr Davenport, FL 33837
Exceptional investment opportunity in Davenport, Florida, presents 23 net acres (41 gross acres) of residential land ideally suited for townhouse or duplex development. This property, located at 240 Wynell Dr, 33837, boasts RMX zoning permitting up to 416 multifamily units. The site plan allows for the creation of 184 or more townhouse/duplex lots. Conveniently situated near I-4, this location offers easy access to major Orlando attractions, including Disney World, Universal Studios, and SeaWorld, as well as numerous golf resorts and fishing lakes. The area also features a strong employment base. Families will appreciate the proximity to the Polk County school system, with an elementary school within walking distance and a full range of educational options nearby, including magnet and IB programs. Local amenities include a Publix supermarket and various restaurants within a short driving distance. The asking price for this remarkable development opportunity is $8,000,000. This property represents a unique chance to capitalize on the thriving Orlando MSA market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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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