938 acres – 15 minutes from Disney World!
Categories: Commercial, Real Estate News
hi
The specific location is Deen Still Road in Davenport, FL approximately 2 miles north of intersection US 27 and Interstate 4. Once you approach Deen Still Road, you continue west approximately 2 ½ miles to an unpaved gated road (Wheeler Rd.) This road defined the western border of the property which runs on both sides of Deen Still Rd. Although divisible, this property is only for sale in total. It is very saleable as it is the only piece of its size for sale in this area and currently lies between two very beneficial pieces of property. The east bordering property was recently rezoned residential (1:10 density) and custom homes are currently being sold. The west bordering property was recently purchased by Rinker Development.
All parcels offered for sale have multiple designations per Polk County. Those designations include allowances for:
[1] Residential homes (1:20 density)
[2] General use
[3] Agricultural
Of utmost importance is the fact that this property is situated in the Green Swamp. Although this is an environmentally sensitive area and has been limited to agricultural uses in the past, Polk County has recently revised its policy of development in this area and has recently granted Florida Pines, a neighborhood on U.S. 27 the right to construct 260 single-family homes on a 65 acre tract of farmland. Although this tract of land is in the Green Swamp, the ruling has essentially shown that Polk County is receptive to commercial and residential growth when economically sound as compared to the detrimental effect on the environment.
As a result of ongoing development and this new ruling, these parcels now have tremendous potential as rapid growth is currently underway in this immediate Orlando area. The area is positioned for revitalization as both the Marriott and Omni International have begun construction of Hotel & Condominiums minutes away from the site. Adjacent to thriving hotel and retail facilities, newly designed Champions Gate community and Golf Course (designed by Greg Norman, and current site of the Office Depot Championship), as well as world headquarters of the David Leadbetter Golf Academy have brought a new dimension to the area. Victor Posner Development companies have also started to build what is referred to as Posner Park, a 366 acre mixed use development comprised of a business and office park, 2,600 hotel rooms, and 1,991 residential units. This project is 2 miles from Deen Still Road.
At this time, the perfect buyer profile would be:
[1] Investors;
[2] Clients who require 1031 exchanges;
[3] Builders/Developers requiring land banks for future use; (very low impact fees)
[4] Builders/Developers requiring additional lands for mitigation purposes;
[5] Builders/Developers who can absorb costs associated with rezoning, county and governmental regulations in an effort to utilize the property immediately.
For more information, please contact me directly at buzz@jasonkapit.com, (954)650-4443 or www.orlando938acres.info
Great post!
Jason,
Thanks for the information. I have a buyer interested in large land in Polk. They are probably going to be dorment until the election is over, however, keep me posted on this property, and I will promote it with them when they become active in Florida again.
Bob
bryant.r@ewm.com