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- LoopNet Team
4200 W Vine St
Kissimmee, FL 34741
Great Development Opportunity in Kissimmee FL · Land For Sale
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1.37 ac
INVESTMENT HIGHLIGHTS
- 4.5 AC+/- (multiple parcel compound) at the Intersection of W Vine St / U.S. 192 & Pin 10, a premier location in the City of Kissimmee submarket.
- Front parcel has an existing 5,777 SF commercial building with 95 parking spaces. New Monument Sign included. Existing retention pond on back parcel.
- As this property is in the Vine Street Community Redevelopment Area, Multi-Family or Hotel is preferred. The maximum MF density is up to 40 DU/AC.
- In Osceola County. Located next to Shingle Creek Regional Park. Almost 65,000 traffic count.
- Currently zoned MUPUD with a MU-V FLU. However, the MUPUD has expired due to inactivity. The City of Kissimmee recommends & would sponsor a rezoning.
- Other uses allowed by T5-U include: Car Wash, Offices, Restaurants, Retail and more. Storage is a conditional use, but might not be supported.
PROPERTY FACTS
DESCRIPTION
Approximately 4.5 AC, strategically located at the Intersection of W Vine St / U.S. 192 & Pin 10, representing a premier location within the City of Kissimmee submarket. Situated in Osceola County, renowned for being at the forefront of innovation and growth, this property is projected to capitalize on the region's promising future. Recent data suggests a projected population growth of another 50% by 2040. Additionally, its proximity to Shingle Creek Regional Park enhances its appeal, offering a desirable blend of urban convenience and natural beauty. With an impressive traffic count of almost 65,000, this property benefits from significant visibility and exposure. The front parcel features an existing 5,777 SF commercial building accompanied by 95 parking spaces. A new Monument Sign is included, further enhancing visibility and branding opportunities. A retention / storm water management pond exists on the back / last parcel of the property. Depending on additional impervious area to be added, additional storm-water capacity may need to be incorporated to comply with regulations. Currently zoned as MUPUD (Mixed-Use Planned Unit Development) with a MU-V (Mixed-Use Vine St) FLU (Future Land Use), the property offers versatile development potential. Although the MUPUD has expired due to inactivity, the City of Kissimmee recommends rezoning to T5-U (Mixed Use Urban Corridor) with a staff-sponsored application at no fee. The preferred redevelopment focus is on increasing residential density in alignment with the Vine Street Community Redevelopment Area objectives. Multi-family developments, standalone or part of mixed-use projects, are preferred with a maximum density of up to 40 DU/AC. Hotels are not considered residential, allowing flexibility in development plans, and the maximum floor area ratio (FAR) is up to 6.0. Other permitted uses under T5-U zoning include townhomes, offices, restaurants, retail, and more, as outlined in Table5-1. Storage is a conditional use, but the City’s support might be limited. In summary, 4200 W Vine St presents a lucrative investment opportunity in Kissimmee, FL, offering prime location, high visibility, and diverse development potential. With favorable zoning considerations, proximity to key amenities, and a supportive regulatory environment, this property is poised to capitalize on the region's rapid growth and evolving market dynamics.
