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Michael Ballantyne

ballantyne@aclassicapproach.net +1(941) 404-7374

$ 695,000

Est. payment | -/mo

4.3 Acres Lot

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$ 695,000

Est. payment | -/mo

Save

4.3 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID G5094092

HOA Y/N No

Annual Tax Amount $3,527

Lot Size 4.300 Acres

Acres 4.3

Lot Dimensions 790x580x540

Property Sub-Type Commercial

Source Stellar MLS

Property Description

Note Substantial Price Reduction from $815,000. This potential commercial property consists of approximately 4.3 acres ideally located on SR 46 1 mile east of the 453 interchange spur road connecting to the Wekiva Parkway (429). The property has approximately 800 feet of frontage on SR 46 and 600 feet of frontage on Orange Street. This property also has a smaller 2 bedroom (could be 3) 1 bath home built in 1955. While the asking price reflects only vacant land value, the home could add some income value to a buyer during any hold period before ultimate commercial development. This location is not only ideal as it is the last vacant parcel before entering Sorrento proper, it is also surrounded to the north and west back to the interchange by large amounts of vacant land that likely will be developed into residential subdivisions. Explosive residential growth typically occurs after major interchanges and this location would capture some of that growth. While the property is currently zoned residential (R-1), there is commercial across the highway and the county planning staff has indicated a likelihood of rezoning this site to commercial. The size and location as well as the anticipated residential growth would lend this site to potential self-storage uses though other commercial uses are feasible. The sellers are confident enough that obtaining commercial zoning is likely, they are willing to accept a contract conditioned upon a buyer obtaining commercial zoning. Please note price redution

Location

State FL

County Lake

Area 32776 - Sorrento / Mount Plymouth

Zoning R-1

Exterior

Utilities Available Cable Available, Electricity Available, Phone Available

View Y/N No

Water Access No

Building

Lot Description Level

Lot Size Range 2 to less than 5

Sewer None

Water None

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Listed by Paul Bryan, II BRYAN PROPERTIES, INC.

Nearby Locations

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Michael Ballantyne

Partner | Lic# SL3373065

ballantyne@aclassicapproach.net

+1(941) 404-7374

8181 South Tamiami Trail Suite B, Sarasota, FL 34231

31415 ORANGE ST Sorrento, FL 32776

Michael Ballantyne

Key Details

Location

Exterior

Building

Others

31415 ORANGE ST