READY TO BUILD . 77-Acre Vacant Land in Orange County – Endless Development Potential!
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Discover a unique investment opportunity with this . 77-acre vacant land in Orange County, strategically located within the visionary 2050 Master Plan. Zoned under the New Orange Code T 5. 2 Transect Zone, this property offers unparalleled flexibility for forward-thinking developers and investors.
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Potential Projects Include:
• A 23-unit apartment complex or up to 38 AFFORDABLE HOUSING!
• Single-family residences
• Transitional living or affordable housing solutions
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Key Features:
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• Strategic Location:
This land is ideally situated near major employers like the Amazon distribution center, world-class healthcare facilities, and the Kia Center, ensuring maximum convenience for future residents.
• Zoning Versatility:
The T 5. 2 Transect Zone supports diverse development possibilities, making it a perfect fit for multifamily housing, single-family homes, or transitional living projects tailored to community needs.
• Close to Iconic Attractions:
Minutes from Disney, UCF’s Downtown Campus, the Orlando Soccer Stadium, and Camping World Technology Hub, enhancing the property’s appeal to future tenants and homeowners.
• Positioned for Growth:
Located in an area undergoing significant revitalization, this property is set to benefit from Orange County’s long-term infrastructure improvements and development initiatives.
• Proximity to Amenities:
With nearby shopping, dining, and recreational facilities, future residents will enjoy a vibrant lifestyle supported by convenient access to public transportation and major highways (408/I-4/Turnpike).
• Exceptional Investment Opportunity:
The growing demand for affordable and transitional housing ensures a strong return on investment while making a lasting impact on the community.
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Property Details:
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• Location: 3316 Lawrence St. , Orlando, FL 32805
• Utilities: City water, sewer, and road access via Old Winter Garden Rd. and West Colonial Rd.
• Asking Price: $625, 000
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Take the Next Step!
Don’t miss out on this rare chance to own a prime piece of real estate in the heart of Orange County’s future growth corridor. Start building your vision today!
Contact:
Heather Grooms
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IMPACT FEE CREDIT of $23, 000 OPPORTUNITY ZONE! DRY & READY TO BUILD! 1031 EXCHANGE INVESTMENT!
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,369 | $3,323 | $4,217 |
Total Monthly Payment | $3,461 | $3,415 | $4,309 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.