Franklin Ave
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Franklin Ave
12.5 Acres of Industrial Land Offered at $7,026,373 CAD in Altamonte Springs, FL 32714
Investment Highlights
- 3.5 FAR provides many redevelopment options including senior living, mixed office, and industrial
- The I-4 Ultimate project under construction with an addition of on/off ramp at the Central Parkway exit
- Visibility potential from I-4, Central Florida's main highway
- The land can be split for a mixed use redevelopment
Executive Summary
One of a kind 12.5 acre property consisting of two adjacent parcels with a total of 544,500 sqft zoned MOI-2. Located in the RBC-CORE WEST of Altamonte Springs, this prime parcel is considered one of the 'Activity Centers' for the 2030 City Plan. With this designation, this property is excellent for the redevelopment of many different options with a FAR as high as 3.5. Potential for re-zone to allow for senior housing facility. The site had been previously used as a borrow site circa 1957 and subsequently became a class III Solid Waste Facility between 1974 and 1984. City Sewer available, fire hydrant, and water nearby. Easy access to entertainment & shopping, hospital, I-4 and other major roadways.
Property Facts
1 Lot Available
Lot 1
| Price | $7,026,373 CAD | Lot Size | 12.50 AC |
| Price Per AC | $562,110 CAD |
| Price | $7,026,373 CAD |
| Price Per AC | $562,110 CAD |
| Lot Size | 12.50 AC |
Parcel ID's: 11-21-29-300-007A-0000 and 11-21-29-300-0060-0000.
Description
12.5 acre property consisting of two adjacent parcels with a total of 544,500 sqft. Easy roadway access from several major roads including I-4, Central Pkwy, Douglas Ave, and Montgomery Rd.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,182,791 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,182,791 CAD
zoning
| Zoning Code | MOI-2 (Mixed industrial and office.) |
| MOI-2 (Mixed industrial and office.) |
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Michael Rasmussen -
Daven Real Estate
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