$815,000 for Sale
31415 orange street , sorrento, FL 32776
Property Description
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
General Information
Sale Price: $815,000
Price/SqFt:
Status: Active
MLS#: G5094092
City: sorrento
Post Office: sorrento
County: Lake
Acres: 4.3
Lot Dimensions: 790 x 580 x 540
Size:
Acreage: 4.3 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $3,527
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.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Paul Bryan, II of BRYAN PROPERTIES, INC., Phone: 352-343-5777