$240,000
$250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 01/12/2024
Key Details
Sold Price $240,000
Property Type Vacant Land
Sub Type Unimproved
Listing Status Sold
Purchase Type For Sale
Subdivision Orlo Vista Terrace Annex
MLS Listing ID O6143666
Sold Date 01/12/24
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $553
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 140x150
Property Description
RARE CORNER LOT offers multiple new construction opportunities. Ideally proportioned 150’ x 140’ parcel will accommodate construction of THREE single-family homes, or a free-standing commercial building. Property is platted as Lots 11, 12 & 13, which should facilitate a simple lot-split with Orange County Building Department (unincorporated). In total, the overall site represents a land area of approximately 0.48 acres. Site is presently zoned R-1 with an Orange County FLU allowing for possibility of commercial development.
Site is positioned in the centrally located Orlo Vista area of greater Orlando. Steady signs of newly constructed single family homes found in the immediate surrounding area. Home builders are seizing opportunities to add new home inventory where existing water and sewer utilities are available for immediate connection. Demand for housing remains strong in this centrally located area of greater Orlando.
Close proximity to affluent MetroWest area also makes this a desirable commercial development opportunity. Location is less than 1 mile to entrance of HWY-408 (East-West Expressway), providing access to downtown within a five minute drive. Private street offers municipal land use neighbors including the Orlo Vista Chamber of Commerce, Orlo Vista Elementary and Orange County Fire Station-30.
National retailers within a one-block radius include 7-11 (Mobile Oil), Discount Auto Parts, Family Dollar and NVA (Kirkman Road Veterinary Clinic). Other commercial services in the immediate area include law firms, tax preparation, computer services, insurance agencies, and medical practices. There is strong demand for goods and services in this centrally located market.
Location
State FL
County Orange
Community Orlo Vista Terrace Annex
Zoning R-1
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Building
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Construction Status No Contingency
Others
Ownership Fee Simple
Special Listing Condition None
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