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$10,500,000
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| | Gross Acres | 12.28 | |
| | Buildable S.F. | 531923 | |
| | Shape | Leaf Shaped | |
| | Topography | Level | |
| | Cross Street | 46-A | |
| | Tax Parcel Number | 31-19-30-300-009C-0000 | |
| | Market | Orlando | |
| | Sub Market | Lake Mary | |
| | Street Frontage | 800+ ft | |
| | Corner | No | |
| | Zoning | PUD Mixed Use | |
| | Electrical | Yes | |
| | Phone | Yes | |
| | Water | Yes | |
| | Sewer | Yes | |
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3300 International Parkway, Lake Mary, FL 32771
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Property Description
The subject property lies within the prestigious Lake Mary, FL sub-market which boasts a significant concentration of the highest household incomes in Greater Orlando. It is located on International Parkway adjacent to the Class A retail Power Center of Colonial Town Park and the New 4 Star Westin Lake Mary. The highest and best use for the site is multifamily and commercial. The PUD is approved for 350 Apartment Units, 200 Hotel Rooms, 80,000sf Class A Office, 40,000sf Retail and 15,000sf of Restaurant. The area vacancy rate resided in the 4% range in 2004 to 2007. It currently stands around 9% with a total Class A inventory or 4.5 million square feet. The market expects an additional 1,500,000sf+ of class A office over the next 10 years, which will continue to attract young professionals. The demand for housing increases with it. Easy access to Interstate 4 and SR 417(the Greenway.) Only 18 miles to Downtown Orlando and 10 miles to Orlando/Sanford International Airport.
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Location Description
The property is located on the west side of International Parkway in unincorporated Seminole County(Lake Mary Submarket), Florida. The Lake Mary area has successfully captured the relocations of many large companies and is expected to continue to grow for the next several years. The boundaries of the subject neighborhood can be described as the Interstate 4 corridor between Lake Mary Blvd to the South, SR 46 to the North, Rinehart Rd to the East and Orange Blvd to the West.
The State Road 417 extension is planned to dump on to International Parkway at the North end of the property. This will dramatically increase the traffic count and visibility to the property.
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