5525 E Irlo Bronson Memorial Hwy Saint Cloud, FL 34771

This exceptional 10.83-acre commercial property in St. Cloud, Florida, presents a prime multifamily development opportunity. Located at 5525 E Irlo Bronson Memorial Hwy, this high and dry parcel is approved for up to 192 residential units, with potential for increased capacity through bonus density credits. The asking price is $3,400,000, translating to a per-unit cost of $17,708.33. The site boasts a highly visible location on East Irlo Bronson Memorial Highway, experiencing significant daily traffic volume of 28,000 cars. This strategic positioning, coupled with the presence of a recently completed 300-unit apartment complex by Greystar immediately adjacent, underscores the strong market demand and potential for substantial returns. The property's mixed-use zoning allows for flexibility in development plans, encompassing multifamily, land, self-storage, and senior living options. This presents a unique chance to capitalize on the thriving St. Cloud real estate market and create a highly profitable residential community. The property is situated in Osceola County, Florida, zip code 34771.