720 and 730 S MILLS AVENUE at

720 and 730 S MILLS AVENUE

$1,300,000

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Overview

0.47 acres

Property Description

Rarely offered large-lot assemblage zoned R-2B, presenting a truly unique opportunity for developers and investors to design and build a boutique residential community in the heart of Downtown Orlando. Ideally located along South Mills Avenue between Lake Davis and Lake Greenwood, this prime location is surrounded by some of Orlando’s most sought-after lifestyle amenities, including Lake Davis, Lake Greenwood, Mills Market, Lake Cherokee, Delaney Park, and Lake Eola. The combined properties are beautifully shaded by a canopy of mature Florida live oak trees, thoughtfully positioned primarily within the setbacks to allow flexibility for future development. Zoning allows for a wide range of development options, including single-family homes, tandem duplexes, or smaller apartment buildings, with the ability to construct up to three stories and rooftop decks. When combined, the parcels offer the potential to develop up to an eight-unit multifamily complex, subject to zoning and buyer verification. A truly rare opportunity to generate rental income while developing, with existing structures providing interim income and the ability to build additional units to the rear of the property. Located in one of Downtown Orlando’s highest-demand rental markets, the assemblage offers exceptional long-term upside with convenient access to SR-408 and the urban core. This is a must-see in person to fully appreciate the beautiful landscape, mature trees, and exceptional development potential. Opportunities like this are seldom available in such a prime location — the possibilities are endless for those seeking to build in one of Orlando’s most desirable downtown neighborhoods.

Property Details

MLS#

O6378101

Address

720 and 730 MILLS S

City

Orlando

State/county

Zip/Postal Code

32801

Area

H W Fuller Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,924

Maint Fee

$--

Tax Year

2024

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