For Sale
$3,400,000

5525 Irlo Bronson Memorial HwySt. Cloud, FL 34771

192 Units, 10 Acres, High Growth

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10.83-acre commercial property in St. Cloud, Florida, presents a prime multifamily development opportunity. Located at 5525 E Irlo Bronson Memorial Hwy, this high and dry parcel is approved for up to 192 residential units, with potential for increased capacity through bonus density credits. The asking price is $3,400,000, translating to a per-unit cost of $17,708.33. The site boasts a highly visible location on East Irlo Bronson Memorial Highway, experiencing significant daily traffic volume of 28,000 cars. This strategic positioning, coupled with the presence of a recently completed 300-unit apartment complex by Greystar immediately adjacent, underscores the strong market demand and potential for substantial returns. The property's mixed-use zoning allows for flexibility in development plans, encompassing multifamily, land, self-storage, and senior living options. This presents a unique chance to capitalize on the thriving St. Cloud real estate market and create a highly profitable residential community. The property is situated in Osceola County, Florida, zip code 34771.

Highlights

  • $3,400,000 asking price, $17,708.83 per unit cost.
  • 10.11 acres of high and dry land.
  • Approved for up to 192 residential units, expandable to 288 units with bonus density.
  • High-visibility location on East Irlo Bronson Memorial Highway with 28,000+ vehicles daily.
  • Adjacent to a recently completed 300-unit Greystar apartment complex.

Property Details for 5525 Irlo Bronson Memorial Hwy

Property type
Retirement homes, Mixed-use properties
Lot Size (sq. ft)
471,755 SF
Units
192

Location Insight

City
St. Cloud
County
Osceola
State
Florida
Latitude
28.2435451
Longitude
-81.2177828
5525 Irlo Bronson Memorial Hwy, St. Cloud, Florida

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5525 Irlo Bronson Memorial Hwy
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