77 Acres, Development Site Approved
$30,000,000
Orlando I Drive Project
5100 International DriveOrlando, FL 32819
| Price: | $30,000,000 |
| Property Type: | Business Opportunity |
| Lot Size: | 77+ Acres |
| Directions: | International Drive, Orlando Florida..... off I-4 in the Downtown Area of Orlando |
topDescription
OVERVIEW: INTERNATIONAL DRIVE, ORLANDO FLORIDA
5001 Vanguard St, Orlando Florida
· Prime property with approvals to build 2,059 units.
· 77.689 Acres in 3 Parcels
· 3,384,176 sq. ft. of land
· Parcels ID 302329000000005/ Vacant commercial
· Flood Zone 1……..1% chance of Flooding in this area.
· One 65 plus acre parcel and two 6.3 acre parcels.
· Zoning for 3,000 units and 65,000 sq. ft. of retail.
· Project approved to build 2,059 units with 65,000 sq. ft. of retail ( ready now)
· Large parcel zoning R-3B or Max of 21 units or a Min. of 12 units per acre
· Small parcels in front on International Drive are zoned AC-3/SP Max. of 200 units per acre or a Min of 75 units per acre.
· Legal Description: NE ¼ of Section 30, T23S, R29E, Orange County, Florida.
· Description Retail: Restaurants 2 total with total units of 44 units with and average sq. ft. of 1,461. (Built to Suit)
· Townhouses/ Residential: Total Residential units of 932 units with and average sq. ft. 1,552 to 1,870 per unit.
· High rise development 1,127 units on two small parcel of 6.3 acres fronting International Dr. and Vanguard St.
· Minimum sq. ft. sale out $350.00 per sq. ft.
· Owner: I Drive Investors LLC/ Key Real Estate Development Corp.
Information herein deemed reliable, but subject to change.