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All Florida Realty
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5526 Plymouth Sorrento Road, Apopka FL, 32712

(Active)
$17,100,000
|
|
MLS# S4725340
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Listing Provided Courtesy Of: KELLER WILLIAMS AT THE LAKES
Last Updated: 10/20/2014 5:55 AM
Description for 5526 Plymouth Sorrento Road Apopka, FL 32712
Exceptional Value. This is a great DRI parcel being sold for less than a recent commercial appraisal and may be valued at considerably more based on similar DRI interchange sales just south of this location on 429, where two parcels zoned the same way were sold for $196,000,000 each to develop Winter Garden Village. Due to the 429 extension and a highway interchange encompassing these parcels, this property qualifies for a rare extra high density mixed use zoning which could exponentially increase it's value. The owners will consider all reasonable offers and alternative financing options. The property has some of the greatest potential in the central Florida area and is just waiting for the entity with the appropriate background to utilize it fully. Many similar properties around the state with similar zoning potential have been purchased by Lowe's, Target, CVS, Tim Bokamper's, WalMart, Chili's, Publix, Kohl's, and others. A DRI allows ultra high density commercial development for things like big box retailers, pharmacies, retail shopping centers, Assited Living Facilities, mixed use projects and all sorts of other related developments that you typically see thriving within the first couple of miles of these interchanges. This is the last interchange before the 429 splits off towards Orlando to the east and Eustis, Leesburg, and Tavares a little more to the north and west. There are no other interchanges between this DRI and Orlando. There is a recent commercial appraisal available at $20,000,000.00+.
Price
$17,100,000
Orange
S4725340
Active
Description
Exceptional Value. This is a great DRI parcel being sold for less than a recent commercial appraisal and may be valued at considerably more based on similar DRI interchange sales just south of this location on 429, where two parcels zoned the same way were sold for $196,000,000 each to develop Winter Garden Village. Due to the 429 extension and a highway interchange encompassing these parcels, this property qualifies for a rare extra high density mixed use zoning which could exponentially increase it's value. The owners will consider all reasonable offers and alternative financing options. The property has some of the greatest potential in the central Florida area and is just waiting for the entity with the appropriate background to utilize it fully. Many similar properties around the state with similar zoning potential have been purchased by Lowe's, Target, CVS, Tim Bokamper's, WalMart, Chili's, Publix, Kohl's, and others. A DRI allows ultra high density commercial development for things like big box retailers, pharmacies, retail shopping centers, Assited Living Facilities, mixed use projects and all sorts of other related developments that you typically see thriving within the first couple of miles of these interchanges. This is the last interchange before the 429 splits off towards Orlando to the east and Eustis, Leesburg, and Tavares a little more to the north and west. There are no other interchanges between this DRI and Orlando. There is a recent commercial appraisal available at $20,000,000.00+.
Listing Information
Property Type: Other
61 Acres
Electric, Telephone
Neighborhood
Room Information
Exterior / Lot Features
None
50 to less than 100
P-D, DRI
Business Park, Close To Shops
Driving Directions
Property is located on the west side of Plymouth Sorrento Rd, North of West Kelly Park, South of where Ondich and Haas meet at Plymouth Sorrento. If you are coming up from Kelly Park it will be on the left after you pass Dowman. A yellow Victorian on site
Financial Considerations
12-20-27-0000-00-032
$21,621
Listing Price History

Apopka Real Estate

Apopka is located in Florida. Apopka, Florida 32712 has a population of  41,908.

The median household income in Apopka, Florida 32712 is $58,985. The median household income for the surrounding county is $48,429 compared to the national median of $53,046. The median age of people living in Apopka 32712 is 36.7 years.

Sales History
Tax Info
Listing Provided Courtesy Of: KELLER WILLIAMS AT THE LAKES
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2011, My Florida Regional MLS
Information is deemed reliable but is not guaranteed.

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