For Sale
$650,000

539 Lake AveMaitland, FL 32751

.79-acre commercial lot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional .79-acre commercial land parcel, located at 539 Lake Ave in historic Maitland, Florida (32751), presents a unique investment opportunity. Currently zoned RSF-2, this fee-simple property offers significant potential for development. The land's value is assessed at $18.85 per square foot, with an asking price of $650,000. The property includes an existing residential building with a tenant paying $1,900 per month, providing immediate cash flow and mitigating initial debt burden. The seller is open to financing options, including holding a note with a $300,000 down payment and competitive terms. The site's location in Maitland, Orange County, offers proximity to desirable amenities and infrastructure. Adjacent properties consist of single-family homes averaging 1,700 square feet on 9,000 square foot lots, suggesting potential for subdivision into three lots. A developer could maximize the lot's potential by constructing two-story structures. The APN is 36-21-29-2898-00-007. This property is an excellent opportunity for investors and developers seeking a prime location in a thriving community.

Highlights

  • .79-acre commercial land parcel in Maitland, FL (32751), zoned RSF-2.
  • Asking price: $650,000; assessed value: $18.85/sq ft.
  • Includes existing residential building with $1,900/month tenant income.
  • Seller financing available with $300,000 down payment.
  • Potential for subdivision into three lots; APN: 36-21-29-2898-00-007.

Property Details for 539 Lake Ave

Property type
Land
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Maitland
County
Orange
State
Florida
Latitude
28.6185819
Longitude
-81.3700885
539 Lake Ave, Maitland, Florida

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539 Lake Ave
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