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Full details for Other For Sale in Kissimmee, Florida

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Description

1.66 ACRE PROPERTY FOR SALE. Perfect Site for redevelopment due to new growth in the lakeshore area of downtown Kissimmee. This property has a future land use plan designation of Mixed-Use Downtown and is within the Cityu2019s Community Redevelopment Area (CRA). The property is located in the southeastern area of downtown Kissimmee. The site is just across the street from Lake Toho and is bordered by mostly City of Kissimmee owned properties along the lakeshore. Surrounding uses include a City owned parking lot for the Big Toho Marina, Lakefront Park, and facilities for City administration. The immediate neighborhood is a few blocks from the central business district and is southeast of the SunRail commuter train station serving downtown Kissimmee.The immediate areas to the north and west are established single family residentialneighborhoods mixed with some professional office uses. Development in the area isstable and growing with a long-term trend toward redevelopment and renovation of some properties in the area, particularly some of the oldest homes and commercial buildings in the region. The immediate area is also part of the Cityu2019s Redevelopment Area (CRA) which targets and encourages new and updated uses compatible with downtown Kissimmee development patterns.A major new project is under development to the east of the subject where MosaicDevelopment is redeveloping an 11-acre site owned by the City of Kissimmee. Theproject is adjoining the Cityu2019s Lakefront Park, which recently underwent a $34M upgradethat also included streetscape and utility enhancements.The site is two blocks from a multimodal transit station that offers SunRail and Amtrakcommuter and passenger rail service and serves as a regional hub for bus service. Theproject includes 300 apartment units and 10,000 SF of commercial space. The new Cityowned parking garage will help support the uses within the park area.No better time to invest in this vibrant high interest neighborhood. Back to listing
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