15080 Colonial DrWinter Garden, FL 34787

  • Commercial land
  • 0.85 AC
For Sale
$3,500,000 View listing

Property Details for 15080 Colonial Dr

Lot size
0.85 AC
Zone code
C-2
Property type
Commercial land
APN
28-22-27-0000-00-042
APU
282227000000042

Description

This exceptional 2.81-acre commercial land parcel presents a remarkable investment opportunity in the highly sought-after Winter Garden, Florida (zip code 34787). Located on West Colonial Drive (S.R. 50), a major thoroughfare in Orlando, this property boasts excellent visibility and high traffic counts exceeding 60,000 vehicles daily. The site is situated on a hard corner with a four-way traffic signal, offering unparalleled accessibility. Its strategic location is less than two miles from the Florida Turnpike and 1.5 miles from Historic Downtown Winter Garden. Zoned C-2, this fee-simple property is ideal for a mixed-use development, with a proposed 24,000+ square feet for retail, office, and medical uses. Winter Garden's thriving business community, coupled with its robust population growth (more than tripling from 2000 to 2020, and projected to reach 53,267 by 2030), makes this a prime location for significant returns. The city's economic development initiatives, coupled with its reputation as a desirable place to live and work (consistently ranked among the best places in Florida), further solidify this investment's potential. The property offers 563 feet of frontage on S.R. 50, ensuring maximum exposure and attracting a wide range of potential tenants. This is a rare opportunity to capitalize on the explosive growth and economic vitality of Winter Garden. Asking price: $3,500,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,338,694
    Hospitality
    $7,638,199
    Educational
    $6,354,892
    Medical
    $6,573,446
    Retail
    $9,885,387

Location Insight

City
Winter Garden
County
Orange
State
Florida
Latitude
28.5506
Longitude
-81.6091
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,508
$504,810
$1,204
$506,014
-
$504,810
$1,204
$506,014

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