5525 Irlo Bronson Memorial Hwy St. Cloud, FL 34771
- Retirement homes
- 10.83 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 5525 Irlo Bronson Memorial Hwy
- Lot size
- 10.83 lot acres
- Property type
- Retirement homes
- Property subtype
- Self storage facilities
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- St. Cloud
- County
- Osceola
- State
- Florida
- Longitude
- -81.2177828
- Latitude
- 28.2435451