539 Lake Ave Maitland , FL 32751

This exceptional .79-acre property located at 539 Lake Ave, Maitland, FL 32751 presents a unique investment opportunity. The property includes an existing residential building currently generating $1900 per month in rental income, mitigating financial risk for the buyer. The land is zoned RSF-2 and offers significant potential for subdivision into three separate lots, based on comparable properties in the area. Neighboring single-family homes on 9,000 sq ft lots average 1,700 sq ft, suggesting the possibility of developing two-story structures to maximize lot utilization. The property's location in historic Maitland provides a desirable setting. The seller is offering financing options, including a potential note for $300,000 down payment with competitive interest and amortization terms. This allows for a flexible acquisition strategy. The existing building is 34,481 square feet. This property is ideal for developers seeking a prime location with existing income and potential for future development. The property's current tenant provides immediate cash flow while the buyer explores development options. This is a rare opportunity to acquire a substantial land parcel in a highly sought-after area of Maitland.