31415 Orange Street Sorrento, FL 32776
For Sale MLS# G5094092
Commercial
Details for 31415 Orange Street
MLS# G5094092
Description for 31415 Orange Street, Sorrento, FL, 32776
Note Substantial Price Reduction from $815,000. This potential commercial property consists of approximately 4.3 acres ideally located on SR 46 1 mile east of the 453 interchange spur road connecting to the Wekiva Parkway (429). The property has approximately 800 feet of frontage on SR 46 and 600 feet of frontage on Orange Street. This property also has a smaller 2 bedroom (could be 3) 1 bath home built in 1955. While the asking price reflects only vacant land value, the home could add some income value to a buyer during any hold period before ultimate commercial development. This location is not only ideal as it is the last vacant parcel before entering Sorrento proper, it is also surrounded to the north and west back to the interchange by large amounts of vacant land that likely will be developed into residential subdivisions. Explosive residential growth typically occurs after major interchanges and this location would capture some of that growth. While the property is currently zoned residential (R-1), there is commercial across the highway and the county planning staff has indicated a likelihood of rezoning this site to commercial. The size and location as well as the anticipated residential growth would lend this site to potential self-storage uses though other commercial uses are feasible. The sellers are confident enough that obtaining commercial zoning is likely, they are willing to accept a contract conditioned upon a buyer obtaining commercial zoning. Please note price redution
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 4.30 Acres
Current Use: Commercial
County: Lake
Utilities
Other Utilities: Cable Available,Electricity Available,Phone Available,Sewer Not Available,Water Not Available
Exterior / Lot Features
Lot Dimensions: 790x580x540
Additional Exterior/Lot Features: Flat, Level
Out Buildings: Other
Driving Directions
Located on SR 46 1 mile east of the new 453 interchange.
Financial Considerations
Terms: Cash
Tax/Property ID: 25-19-27-0003-000-01200
Tax Amount: 3527
Tax Year: 2024
A broker reciprocity listing courtesy: BRYAN PROPERTIES, INC.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 31415 Orange Street
Sales History
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Tax Summary
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Schools
Schools nearby 31415 Orange Street
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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