Urban Square Multifamily Development
1625 Mercy Dr,
Orlando,
FL 32808
Description 100Units.com presents Urban Square Multifamily Development which is an existing 40 unit multifamily complex & development site approved for an additional 189 units for a total of 229 units. The development site is within the Mercy Drive-Packing District Opportunity Zone and is approved for a total of 229 units. The existing structure is of concrete block construction with pitched-shingled roofing, consisting of 1 two-story apartment building with a total of approximately 36,664 gross square feet and is situated on three parcels consisting of 9.8 acres. Ideally located under fifteen minutes to Interstate-4, Camping World Stadium, and Downtown Orlando. Half an hour to the University of Central Florida, Disney, and Orlando International Airport. Professional property management company in place who is willing to work with the new owner. This property consists of 3 parcels: 1 parcel is the existing building (assumable loan at 2.9% only on this parcel) and 2 parcels that are vacant and ready for development. Highlights Opportunity Zone Development Site For A Total of 229 Units Development Site Approved For 229 Units; 40 Existing Units Year 1 Scheduled Income $645,600 For Existing Units Minutes Away From Downtown Orlando Located in A Opportunity Zone Concrete Block Construction Desirable Unit Mix Separately Metered For Electric History of High Occupancy Ample Parking
Contact
Broker or Owner Contact
Joe
LaFleur
,
Phone: (866) 468-6487
joe@100units.com
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
Property ID |
1011 |
Building Size |
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Site Size (acres) |
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Zoning |
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Year Built |
1966 |
Number of Drive-In Doors |
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Number of Dock-In Doors |
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Clearance Height |
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Drive-in Doors |
no |
Sprinklered |
no |
Parking Ratio |
0 |
Updated |
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Number of Parking Spaces |
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Parking |
no |
HVAC |
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Pricing
For Sale |
yes |
Sale Price |
8900000 |
For Lease |
no |
Lease Type |
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Lease Cost |
0 |
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Geographic and Infrastructure
Latitude |
28.5636338 |
Longitude |
-81.4287997 |
County |
Orange County |
Rail Access |
no |
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Utilities
Service to Property |
no |
Electric Provider |
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Gas On Site |
no |
Gas Provider |
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Water On Site |
no |
Water Provider |
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Fiber Optics |
no |
Telecom on Site |
no |
Sewer On Site |
no |
Sewer provider |
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Unused Data Points
status |
Active |
businesspark |
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buildingtypes |
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contiguous |
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divisiblefrom |
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saleprice |
8900000 |
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