$997,500
Under contract-accepting backup offers. RARE .55-ACRE CORNER PROPERTY WITH A VARIETY OF EXCEPTIONAL DEVELOPMENT POTENTIAL IN THE HEART OF 32803!
Located at the corner of Weltin Street and Altaloma Avenue, this oversized .55-acre property offers an extraordinary combination of land, location and development flexibility in one of Orlando’s most desirable and established neighborhoods. Just blocks from the energy of Mills 50, Virginia Drive and the Audubon Park area, opportunities to acquire this much land in 32803 are increasingly rare. With approximately 150 feet of frontage along 1707 Weltin Street and 157 feet along 1319 Altaloma Avenue, the expansive corner setting creates possibilities rarely available this close to Downtown Orlando. According to the City of Orlando Planning Division, the property is zoned R-2A/T/SP/AN and may be subdivided, subject to applicable City requirements. The R-2A zoning allows for single-family, duplex or tandem residential development, providing flexibility for an owner, builder or developer. Minimum lot dimensions are 40' × 110' for single-family development and 50' × 110' for duplex development. A single-family residence may also qualify for one (ADU) accessory dwelling unit of up to 500 SF, subject to City requirements. If the property is subdivided, each resulting homesite may potentially have the same opportunity, subject to City approval and applicable regulations. The property could potentially be configured into two approximately 75' × 157' homesites, creating the potential for two single-family residences, one single-family residence and one duplex, or two duplexes, subject to City approval and applicable zoning and development requirements. Each homesite could potentially support approximately 4,700 SF of floor area based on the Colonialtown Special Plan’s maximum 0.40 FAR for single-family and duplex development. Beyond the development potential, the location is exceptional. The property is zoned for Audubon Park K-8 School and is also within walking distance of Orlando Gifted Academy, Orange County’s only public gifted school. The academy is currently undergoing a $52 million renovation designed to improve the campus serving more than 800 students. Everyday convenience is just outside your door. Walk to The Market at Mills Park, anchored by The Fresh Market and surrounded by popular dining, fitness, nail salon, and neighborhood conveniences including Firebirds, First Watch, Yamasan Sushi & Grill and more. A few blocks down are Santiago’s Bodega and Mills 50, offering an incredible collection of locally loved restaurants, coffee shops, nightlife and neighborhood businesses. Head toward Corrine Drive and the Audubon Park Garden District, where destinations such as East End Market, The Primrose Shop, and Kelly’s Ice-cream provide even more dining, shopping and entertainment options. Leu Gardens is also just a short three-minute drive away. Rare large lot. Exceptional location. Multiple development possibilities. This .55-acre corner property offers a level of flexibility and connectivity that is increasingly difficult to find in established 32803. Opportunities like this don't come along often. Reach out today to explore its possibilities! ** The Value is in the LAND, not the home.
O6428983
MLS
1707 Weltin Street, Orlando