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1006 W Colonial Dr
Orlando, FL 32804
Westmoreland Square Mixed-Use Development · Land For Sale
·
1.33 ac
INVESTMENT HIGHLIGHTS
- Approved Plans for a Mixed-Use Development in the Heart of Orlando
- 29 Two-Bedroom Apartments, 50 One-Bedroom Apartments, and 36 Studio Apartments
- 1 Commercial/Restaurant Suite (2,368 Square Feet)
- 115 Apartments consisting of 95,657 Residential Square Feet
- 1 Commercial/Retail Suite (4,422 Square Feet)
- 150 Parking Spaces across 3 Levels of Parking
EXECUTIVE SUMMARY
This is an exceptional opportunity to acquire a prime development site with approved plans for a six-story, mixed-use project in the heart of Orlando, Florida. Offered at a sale price of $3,899,000, the property is a 1.33-acre lot ready for development. The approved plans provide for a combination of residential units, commercial space, and parking garage within a single building, offering a compelling investment for a developer seeking a project in a high-demand urban market.
Located at the southwest corner of West Colonial Drive and North Westmoreland Drive, the property is situated one block to the west of Creative Village. Providing a direct connection to a vibrant ecosystem of higher education and creative industries, with proximity to the new downtown campuses for UCF and Valencia College, as well as the Electronic Arts (EA) studio. The location also provides a connection to major city landmarks, including Camping World Stadium, and is well-positioned relative to both Interstate 4 (I-4) and the 408 East-West Expressway.
Located at the southwest corner of West Colonial Drive and North Westmoreland Drive, the property is situated one block to the west of Creative Village. Providing a direct connection to a vibrant ecosystem of higher education and creative industries, with proximity to the new downtown campuses for UCF and Valencia College, as well as the Electronic Arts (EA) studio. The location also provides a connection to major city landmarks, including Camping World Stadium, and is well-positioned relative to both Interstate 4 (I-4) and the 408 East-West Expressway.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Plots | 1 | Proposed Use | |
| Property Type | Land | Total Plot Size | 1.33 ac |
| Use Class | MU-1/T/PH - Medium Intensity Mixed Use Corridor | ||
| Sale Type | Investment |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Plot Size | 1.33 ac |
| Use Class | MU-1/T/PH - Medium Intensity Mixed Use Corridor |
1 PLOT AVAILABLE
Plot
| Price | £2,932,461 | Total Plot Size | 1.33 ac |
| Price Per ac | £2,204,851.17 |
| Price | £2,932,461 |
| Price Per ac | £2,204,851.17 |
| Total Plot Size | 1.33 ac |
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