205 Eola DrOrlando, FL 32801

This exceptional investment opportunity presents a fully approved 13-story mixed-use development plan in the heart of downtown Orlando, Florida. Situated on a half-acre parcel at 205 S Eola Dr, this prime Thornton Park address is just two blocks from Lake Eola Park and surrounded by a vibrant mix of restaurants, cafes, bars, and retail establishments. The approved project encompasses 144 studio and one-bedroom rental units, catering to the high demand for urban living. The building design includes a six-level parking garage with 133 spaces, bicycle storage, and personal storage units. The ground floor offers 6,280 square feet of retail and restaurant space, perfectly positioned to capitalize on the area's bustling activity. With a total building area of 8,163 square feet, this project offers significant potential for substantial returns. Market rents for comparable new units in the immediate area range from $3.75 to $4.25 per square foot, indicating strong rental income prospects. The existing zoning, Eola and Church PD Mixed Use Residential/Commercial, allows for this versatile development, making it an attractive investment in a thriving urban environment. The asking price for this exceptional opportunity is $6,990,000.