Excellent Plot Of Land For Sale In Orlando Florida

Description

Excellent Plot of land for sale in Orlando Florida USA

Esales Property ID: es5554854

An Unprecedented Investment: Prime 63-Acre Multifamily Development Land in Central Orlando

We are delighted to present a singular, exceptional opportunity to acquire one of the last remaining large-scale, entitled development parcels in the core of Orlando, Florida. This remarkable 63-acre site, strategically positioned in the pulsing heart of the city, represents a turnkey proposition for a developer seeking minimized risk, accelerated time-to-market, and maximum return potential in one of the fastest-growing metropolitan areas in the United States. With a unique combination of critical entitlements, ground-ready infrastructure, and a coveted waterfront amenity, this parcel is primed to become Orlando’s next premier residential community.

The sheer scale of this offering is difficult to overstate in a city as dense and developed as Central Orlando. The total parcel encompasses 63 acres, an expansive area that offers both capacity and a built-in lifestyle buffer. Crucially, the site features approximately 28 acres of pristine upland, buildable land, providing a solid foundation for vertical development. What truly elevates this property from a standard land deal is the spectacular natural amenity it embraces: an adjacent 80-acre motorized freshwater lake. This immense body of water is not merely a scenic backdrop; it is an active recreational feature that guarantees the future community a unique, highly desirable resort-like environment that will set it apart from virtually every competing development in the surrounding submarket. This combination of a massive buildable footprint and a private recreational lake is a scarcity, marking this as a truly generational development opportunity.

Unmatched Strategic Location and Market Connectivity

The property’s geographical location is perhaps its greatest non-entitlement asset, offering unrivaled access to the three pillars of the Orlando economy: retail, tourism, and professional employment. Situated in the immediate vicinity of major urban hubs, the site guarantees high demand from both service professionals and high-income earners. The location is adjacent to The Mall at Millenia, recognized as Central Florida’s premier luxury retail destination. This proximity not only provides high-end shopping and dining within a moment’s reach but also serves as a strong indicator of the surrounding area’s affluence and spending power, reinforcing the viability of a luxury residential product.

Furthermore, the site boasts enviable connectivity to Orlando’s world-famous entertainment sector. It is only minutes from the main gates of Universal Orlando Resort, a perpetual source of high-paying jobs and a key demand driver for quality housing. Moreover, the property is conveniently located near the Kia Center, the home arena of the NBA’s Orlando Magic, placing residents close to major sporting events and downtown entertainment. According to public travel advisories, the world-renowned Walt Disney World Resort is accessible in under 30 minutes, ensuring the location appeals to the vast workforce employed by the region’s largest economic engine. This unparalleled strategic positioning—at the nexus of retail, entertainment, and employment corridors—minimizes commute times and maximizes market appeal, translating directly into higher occupancy rates and superior rental yields.

Entitlements and De-Risked Development

From an investor’s perspective, the level of development readiness associated with this parcel is extraordinarily significant, presenting a financial and operational advantage that substantially de-risks the project. The land is already fully zoned R-3 (Medium Density Residential), bypassing the long, expensive, and often politically challenging process of securing foundational land use and zoning approvals.

This favorable zoning is complemented by pre-approved entitlements supporting a substantial multifamily development unit count in the robust range of 560 to 750 units. This capacity allows for efficient density and scale, optimizing profitability metrics. The fact that the density and use are already established means a developer can bypass the 12-to-24-month regulatory gauntlet typically associated with securing such approvals in a major metro market. The next owner steps directly into a 'shovel-ready' environment, with the path clear for immediate action upon acquisition.

The financial and physical savings are further compounded by the site’s ground-ready status. All essential infrastructure, including utilities and roads, remains intact and active from previous development phases. More critically, all necessary impact fees have been addressed, and off-site improvements remain current. In the world of real estate development, impact fees and off-site work (like road widening, utility connections, and traff