1012 Venetian Avenue, Orlando, FL 32804

Description

This investment opportunity in the historic College Park district sounds promising. The property has already been approved to be split into two lots. The lot size is 100x140 (the lots can be split into two 50X140 lots going back to original designation of 1010 and 1012) and it has already been rezoned from R-1 to R-1A. The location of the property is advantageous, being across the street from Bishop Moore High School and St. Charles. It is also close to Edgewater High School, College Park Middle School, and 1.5 miles from downtown College Park. Additionally, the property is close to the new upcoming Packing District and the new YMCA. Its proximity to I-4 makes it easily accessible, with downtown Winter Park and downtown Orlando only 15 minutes away and Florida Hospital just 10 minutes away. The property already has gas provided by TECO and utilizes a septic system. The existing house on the property is a 3-bedroom, 2-bathroom home that was renovated in 2018. The renovation included updates to the kitchen with stainless steel appliances, new wood flooring throughout, new windows, and a new roof. This could make the house attractive as a rental property while you sort out the building plans for the new lots. Privacy is also a notable feature of the property, as 8-foot-high, 6-foot-deep privacy hedges cover 80% of the lot. Additionally, there is an approximately 20-foot cactus that could be sold or incorporated into the new builds, providing the privacy of an established home. Overall, this investment opportunity in the College Park district offers the potential to develop two lots in a desirable location with nearby amenities and convenient access to major routes and facilities.

Listed by Sharon Mikol, .