Lake Sherwood Apartments - Redevelopment in Orlando Opportunity Zone || Buy Commercial Property in Orlando, Florida

8105 W Colonial Drive

Orlando, FL 32818

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$2,395,000

5.65 acres

Contact Agents

Contact the Listing Agents

Ray Turchi
Senior Managing Director Investments
[email protected]

(407) 557-3847 (office)

(321) 297-6576 (mobile)

David Vaughan
First Vice President Investments
[email protected]

(407) 557-3829 (office)

(407) 718-2874 (mobile)

Rob Wright
Real Estate Investment Advisor
[email protected]

(407) 557-3800 (office)

(407) 617-4958 (mobile)

Radford Crouppen
Real Estate Investment Advisor
[email protected]

(407) 557-3826 (office)

(561) 542-4029 (mobile)

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Property Documents

Investment Highlights

Property Consists of Three Contiguous Parcels Totaling 5.65 Acres per County tax Records | Surveyed at 3.484 Acres Ready for Development
265 Feet of Frontage on West Colonial Hwy 50 | 840 Feet of Lakefront Views
Current Zoning AG-1 | Re-Zoning to R-3 Allows for Building 20 Units Per Acre (~70 Units on Current Usable Acreage) | See Owner Concept Plans for 88-Unit Project
Value-Add Opportunity As Covered Land Play in Opportunity Zone (See Agent for Details)
Currently a Fully Stabilized 18 – Unit Apartment Community With Strong Historical Performance and Trailing 12 Month Gross Income Greater Than $175,000
Convenient Access to Two 408 Exits and Public Transport Lynx Bus Stop On-site
Ideally Located For Redevelopment | Near Downtown Orlando, With A 342-unit Apartment Complex Abutting To The East, a 298-Unit Apartment Complex to the South, a Multifamily Condo-Community to the North and 65-Acre Lake Sherwood To The West

Key Metrics

Listing Agents:

Ray Turchi

(407) 557-3847

(407) 557-3829

(407) 557-3800

(407) 557-3826