6801 US Highway 17-92 N - Residential Development Site

PROPERTY HIGHLIGHTS: This land assemblage consists of 2.32 acres of cleared, residential-zoned land over three parcels and is an excellent development opportunity. The property is well-situated along a main thoroughfare only minutes away from several recently constructed planned communities and a planned 288-unit apartment complex. The shopping center anchored by Publix at Loughman Crossing is just two minutes down the road, and reflects the expectation that this area will see continued growth. Likewise, traffic counts at the property site frontage on Ronald Reagan Parkway have increased more than 50% over 4 years. The site has been cleared of trees and brush, and all utilities and city services are already available at the site including electric, cable, internet, water and sewer, and trash and recycling. The property is located within the Residential Low (RL-4X) land use district of the Ronald Reagan Parkway Selected Area Plan (SAP). Current zoning allows for single family development, and rezoning to Residential Medium (RMX) land use would allow for increased density and the opportunity to develop the site with multifamily or townhome residences. The properties are not located in a CRA. LOCATION HIGHLIGHTS: The Loughman area of Davenport, Florida is a rapidly developing area south of Orlando, along the busy I-4 Expressway corridor. The neighborhood is appealing to residents seeking proximity to recreation and employers in the region, as well as access to closeby schools and city services. Numerous well-rated schools are within 5-10 minutes of the site, including Loughman Oaks Elementary, Mater Academy Charter School, Davenport School of the Arts and Davenport High School. Loughman Park is within walking distance and offers a playground and soccer and basketball courts, along with public green space. Various options for entertainment, shopping, restaurants and outdoor recreation are conveniently located nearby. Reunion Golf Courses & Resorts are located in the neighboring town of Championsgate. Walt Disney World® Resorts & Theme Parks are only 10 miles away. Other destinations are also within a short drive, including LegoLand, Universal Studios, Sea World and more. The closeby I-4 Expressway makes downtown Orlando’s international airport, business, sports and cultural venues all readily accessible. Just over an hour to the west, the Tampa Bay area offers another international airport, a wide variety of dining, shopping and entertainment, as well as access to world-class beaches and water recreation.