4200 Vine StKissimmee, FL 34741

This exceptional 4.53-acre mixed-use property in Kissimmee, Florida, presents a compelling redevelopment opportunity. Located on the south side of US Highway 192 at 4200 W Vine St, 34741, this site boasts a 60,000 daily traffic count and benefits from a prime location within the Vine Street Corridor, promoting walkability and alternative transportation options. The property includes a 5,777 square foot existing commercial building with 95 parking spaces, built in 1984. The zoning is Highway Commercial with a MU-V (Mixed Use-Vine) designation, allowing for diverse development possibilities, including hotels, commercial, multi-family, retail, restaurants, or even a storage facility. A new monument sign and some impact fees are included in the sale. The property also features an existing stormwater management pond on the rear parcel. The lot size is 1.37 acres, and the asking price is $5,550,000 ($579.89/sq ft). The property is designated for mixed-use development, envisioning urban-scale neighborhoods and villages connected to downtown Kissimmee. The anticipated occupancy date is November 7, 2023. This distressed property offers significant potential for a savvy investor. The future land use designation (FLU) supports this vision.