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    31415 Orange Street
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    PRICED AT ONLY: $695,000

    Address: 31415 Orange Street, SORRENTO, FL 32776

    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
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    • MLS#: G5094092 ( Land )
    • Street Address: 31415 Orange Street
    • Viewed: 77
    • Price: $695,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: Not Available
    • Bldg sqft: 0
    • Days On Market: 425
    • Acreage: 4.30 acres
    • Additional Information
    • Geolocation: 28.8066 / -81.5688
    • County: LAKE
    • City: SORRENTO
    • Zipcode: 32776
    • Provided by: BRYAN PROPERTIES, INC.
    • Contact: Paul Bryan, II
    • 352-343-5777
    • mfrmls
    • DMCA Notice
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    Features
    Building and Construction
    • Covered Spaces: 0.00
    • Living Area: 0.00
    • Other Structures: Other
    Land Information
    • Lot Features: Level
    Garage and Parking
    • Garage Spaces: 0.00
    • Open Parking Spaces: 0.00
    Eco-Communities
    • Water Source: None
    Utilities
    • Carport Spaces: 0.00
    • Road Frontage Type: State Road
    • Sewer: None
    • Utilities: Cable Available, Electricity Available, Phone Available
    Finance and Tax Information
    • Home Owners Association Fee: 0.00
    • Insurance Expense: 0.00
    • Net Operating Income: 0.00
    • Other Expense: 0.00
    • Tax Year: 2024
    Other Features
    • Country: US
    • Current Use: Commercial
    • Legal Description: The North 1/2 of the Northeast 1/4 of the Southwest 1/4 South of Highway---Less the East 20 feet, all being in Section 25, Township 19, Range 27.
    • Area Major: 32776 - Sorrento / Mount Plymouth
    • Parcel Number: 25-19-27-0003-000-01200
    • Views: 77
    • Zoning Code: R-1
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