$520,000

0 Beds 0 Baths 0 SQFT 0.49 Acres
Type: Land

512 PALMETTO STREET
ORLANDO, FL 32824

MLS#: S5159107
Marie Rivard
Marie Rivard
The Real Estate Advantage
Phone: 612.229.2505
Office: 763.755.1100
Presented by: AROD PARTNERS REALTY with 407-627-7621. - 407-627-7621

Property Description

 

City-Approved Orlando Townhome Development – Prime Investment Opportunity An exceptional opportunity to acquire a strategically located residential development featuring four modern, single-story townhomes, each designed with 3 bedrooms, 2 bathrooms, and approximately 1,650 SF of living space. A major advantage of this opportunity is that the development plans have already been approved by the City, allowing a buyer or developer to move forward with significantly less entitlement and approval risk and saving valuable time in the development process. The property is ideally positioned in a highly accessible Orlando location, just 5 minutes from the Florida Turnpike and Orange Blossom Trail (OBT) and approximately 10 minutes from I-4 and FL-528, providing convenient connectivity to employment centers, shopping, dining, entertainment, and surrounding Orlando communities. With City-approved plans, four thoughtfully designed residences, and a well-connected location, this project offers investors and builders an attractive opportunity to bring a desirable residential product to one of Central Florida’s most active housing markets. The plans are approved. The vision is established. The opportunity is ready for the next developer.


 

Interior Features

Bathrooms

Total Baths0

General

Additional Parcels Description36-23-29-8228-30-506
Additional Parcels Y/NYes
Building Area Units0 sqft
Carport Spaces0
CityORLANDO
CountyOrange
Current UseResidential
DirectionsFrom Florida’s Turnpike, take the exit for Orange Blossom Trail (OBT) and head south. Turn left onto Central Florida Parkway, then take a right onto Palmetto Street. The property is located at 512 Palmetto Street, on the corner lot. Alternatively, from I-4, connect to FL-528 (Beachline Expressway) heading east. Exit at Orange Blossom Trail, head south, and follow the same route to Palmetto Street.
Flood Zone Codex
Flood Zone Code XY
Garage Spaces0
Legal DescriptionSPAHLERS ADDITION TO TAFT D/114 LOTS 4 5& 6 BLK E TIER 3
Listing TermsCash, Conventional
Living Area Units0 sqft
Lot Size Square Feet21,449 sqft
Lot Size UnitsSquare Feet
MLS Area32824 - Orlando/Taft / Meadow woods
OwnershipFee Simple
Property TypeLand
SewerSeptic Needed
Standard StatusActive
StatusActive
Subdivision NameSPAHLERS ADD
Tax Annual Amount$2,616
Tax Lot4
Tax Year2024
UtilitiesElectricity Available, Public, Water Available
Water Access Y/NNo
Water View Y/NNo
ZoningR-2

Exterior

Covered Spaces0
FencingBoard, Wood
Lot Dimensions150 x 143
Lot FeaturesCorner Lot
Lot Size Acres0.49
Lot Size Area21,449 sqft
Number of Lots2
Road ResponsibilityPublic Maintained Road
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$520,000

0 Beds 0 Baths 0 SQFT 0.49 Acres
Type: Land

512 PALMETTO STREET
ORLANDO, FL 32824

MLS#: S5159107
Marie Rivard
Marie Rivard
The Real Estate Advantage
Phone: 612.229.2505
Office: 763.755.1100