0 Old Kissimmee RdLoughman, FL 33896

  • Residential income properties
  • 10.34 AC
For Sale
$3,600,000 View listing

Property Details for 0 Old Kissimmee Rd

Lot size
10.34 AC
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional 10.34-acre parcel in Davenport, Florida (APN: 27-26-12-702500-004191), presents a prime multifamily development opportunity. Zoned RMX, it allows for a high-density development, with potential for 15 units per acre, or up to 20 units per acre with planning commission approval. The site offers approximately 8.4 upland acres and 2 wetland acres, suitable for a 3-4 story complex, up to 50 feet in height. With current zoning, the site could accommodate 120 units, or 180 units with planning commission approval. Two access points will be required. This property benefits from its strategic location within Polk County, one of Florida's fastest-growing counties, offering strong rental demand. Situated in the I-4 corridor, it's approximately one hour east of Tampa and 35 minutes south of Orlando, providing convenient access to major employment centers and amenities. Nearby developments include the Publix Super Market at Loughman Crossing, a new Mater Academy charter school, and a proposed 288-unit apartment complex. The property is also adjacent to Loughman Park, offering recreational amenities. The asking price is $3,600,000, translating to $348,162 per acre. This represents a compelling investment in a high-growth area with significant development potential. Townhouse or multifamily developments such as apartments would be ideal for this site.

Old Kissimmee Rd, Loughman, Florida

Location Insight

City
Loughman
County
Polk
State
Florida
Latitude
28.245
Longitude
-81.5576

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].