5721 S Texas Ave - Commercial LAND FOR SALE


Orlando, FL 32839 97,574 SF
$1,800,000 USD
5721 S Texas Ave, Orlando, FL for Sale
$1,800,000 USD
Commercial LAND - FOR SALE
1/18
97,574 SF

5721 S Texas Ave
Orlando, FL 32839


HIGHLIGHTS

  • 2.24-Acre lot in Orlando
  • Zoning transitioning to T4.3 allowing up to 67 residential units
  • Strategic Corner Location Situated at the intersection of S Texas Ave and Wakulla Way
  • Strong Multi-Family Demand Located in a high-growth area with rising demand for apartments and townhomes
  • Texas Avenue is being expanded to four lanes, improving traffic flow and accessibility
  • Proximity to Essential Amenities and Employment Centers such as Mall at Millenia, Ikea, Coca Cola Beverage and more

OVERVIEW

This prime 2.03-acre lot in the heart of Orlando offers an exceptional opportunity for multi-family development, with its highest and best use aligned with the city’s growing demand for residential projects. Currently zoned R-3 and slated for a zoning upgrade to T4.3 in mid-2025, the property will allow a maximum density of 30 units per acre, accommodating up to 67 units. The lot is strategically positioned at the southeast corner of S Texas Avenue and Wakulla Way, benefiting from future road improvements that will enhance accessibility and exposure. The generally level, rectangular lot is situated in Flood Zone X (unshaded), ensuring minimal development restrictions. With nearby amenities, strong local growth, and a vibrant multi-family market, this parcel is perfect for developers aiming to deliver townhomes or apartment units in a high-demand area.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/ACRE

$803,575/AC

PRICE/SF

$18 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

5721 S. Texas Ave Orlando, FL 32839

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

2.24 AC

LAND SF

97,574 SF

OFFSITE IMPROVEMENTS

-

ZONING

R3

APN/PARCEL ID

22-23-29-7268-33-000

ASK ABOUT THIS PROPERTY

James ClarkCENTURY 21 Alton Clark CommercialMore Info

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James ClarkCENTURY 21 Alton Clark CommercialMore Info

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