Property Description

Under contract-accepting backup offers. HUGE PRICE REDUCTION! County up-zoning parcel to 30 du/ac! Property is at the junction of E Colonial Drive and the terminus of SR 408 and is surrounded by upscale apartments, single family, and newly developed retail. Orange County Vision 2050 is upzoning the parcel to newly created T4.1 Transect (new name for Zoning District) and Proposed Place Type (new name for Future Land Use) of Traditional Neighborhood, with a max density of 30 dwelling units per acre. County shows 3.15 acres buildable, 1 acre of wetlands at the north end of the property. Parcel is adjacent to recently built luxury apartment complexes that sold for $510,000 per acre in 2021. Located on access road off Woodbury Rd. East Colonial has 46,500 vehicles per day and Woodbury Rd has almost 20,000 vehicles per day. Located minutes from UCF, Central Florida Research Park, Valencia College, Waterford Lakes, and every kind of retail available nearby. 15 minutes to downtown Orlando via the 408 Expressway.