City-Approved Orlando Townhome Development – Prime Investment Opportunity
An exceptional opportunity to acquire a strategically located residential development featuring four modern, single-story townhomes, each designed with 3 bedrooms, 2 bathrooms, and approximately 1,650 SF of living space.
A major advantage of this opportunity is that the development plans have already been approved by the City, allowing a buyer or developer to move forward with significantly less entitlement and approval risk and saving valuable time in the development process.
The property is ideally positioned in a highly accessible Orlando location, just 5 minutes from the Florida Turnpike and Orange Blossom Trail (OBT) and approximately 10 minutes from I-4 and FL-528, providing convenient connectivity to employment centers, shopping, dining, entertainment, and surrounding Orlando communities.
With City-approved plans, four thoughtfully designed residences, and a well-connected location, this project offers investors and builders an attractive opportunity to bring a desirable residential product to one of Central Florida’s most active housing markets.
The plans are approved. The vision is established. The opportunity is ready for the next developer.
Listing Courtesy of: AROD PARTNERS REALTY
407-627-7621
| Listing Id: | S5159107 |
|---|---|
| List Price: | $520,000 |
| Property Type: | Land |
| Property Sub Type: | Residential |
| Status: | Active |
| Tax Annual Amount: | $2,616 |
| Lot Size Square Feet: | 21,449 |
| Lot Size Acres: | 0.49 |
| Waterfront?: | No |
| City: | Orlando |
| County Or Parish: | Orange |
| Subdivision Name: | Spahlers Add |
| Postal Code: | 32824 |
| Additional Parcels?: | Yes |
| Building Area Units: | Square Feet |
| Current Use: | Residential |
| Directions: | From Floridas Turnpike, take the exit for Orange Blossom Trail (OBT) and head south. Turn left onto Central Florida Parkway, then take a right onto Palmetto Street. The property is located at 512 Palmetto Street, on the corner lot. Alternatively, from I-4, connect to FL-528 (Beachline Expressway) heading east. Exit at Orange Blossom Trail, head south, and follow the same route to Palmetto Street. |
| Fencing: | Board, Wood |
| Listing Contract Date: | 2026-10-07 |
| Ownership: | Fee Simple |
| Living Area Units: | Square Feet |
| Lot Features: | Corner Lot |
| Lot Size Acres: | 0.49 |
| Lot Size Dimensions: | 150x143 |
| Postal Code Plus4: | 8293 |
| MLS Area Major: | 32824 - Orlando/Taft / Meadow Woods |
| MLS Area Major: | 32824 - Orlando/Taft / Meadow woods |
| Original List Price: | $520,000 |
| Parcel Number: | 36-23-29-8228-30-504 |
| Township: | 23 |
| Road Surface Type: | Asphalt |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2024 |
| Sewer: | Septic Needed |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 36-23-29-8228-30-506 |
| Utilities: | Electricity Available, Public, Water Available |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Public Survey Range: | 29 |
| Public Survey Section: | 36 |
| Zoning: | R-2 |
| Calculated List Price By Calcula: | 24.24 |
| Flood Zone Code: | x |
| For Lease Yn: | No |
| Listing Exclusion Yn: | No |
| Lot Size Square Meters: | 1993 |
| Price Per Acre: | 1061224 |
| Road Frontage Ft: | 100 |
| Sdeo yn: | No |
| Total Acreage: | 1/2 to less than 1 |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Road Responsibility: | Public Maintained Road |
| Association 2 Yn: | 0 |
| Attribution Contact: | 407-627-7621 |
| Originating System Name : | Stellar MLS |
| Designated Builder Yn: | No |
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Property Last Updated: October 08, 2026 08:18 PM - ET
