1.37 AC Land Orlando, FL
Hazeltine Drive : Orlando, FL 32812
Orange County, Florida
Land Description
Marketplace Online Auction July 20-22, 2021
±1.37 AC | Hazeltine National Drive | Orlando, Fl
Investment Highlights
Excellent Placement: ±1.37 acres of land located along the north side of Hazeltine National Drive, Orlando, east of Laurel Valley Drive and west of TPC Boulevard in the Lee Vista development.
Zoning: O-2/An allows for office and residential development
Robust Suburban Submarket: Suburban office leasing activity accounted for 82% of all leasing activity in Orlando in Q1 2021.
Offering Summary
JLL and are pleased to present 0 Hazeltine Drive (the "Property") a 1.37 AC land parcel in Orlando, FL. The Property is uniquely positioned on a heavy-traffic corridor along the north side of Hazeltine National Drive, east of Laurel Valley Drive, and west of TPC Boulevard in the Lee Vista Development. The land parcel is currently designated and zoned O-2/An for medium density office use which allows developers the opportunity to capitalize on a strong suburban submarket that outperformed CBD office assets in Q1 2021 with 82% of all leasing activity in Orlando occurring outside of the urban core.
Orlando is located in the Central Florida region and is consider one of the state's major tourism markets. Approximately 70 million people visit Orlando each year to visit major attractions such as Disney World and Universal Orlando, dozens of golf courses, and premium shopping outlets. As the pandemic is brought under control and the economy begins to recover, these iconic destinations are likely to benefit from pent-up demand from visitors around the globe. While tourism and conventions are demand drivers in Orlando, the city is active in industrial manufacturing and information technology with one of the largest research parks in the country.
Auctioneer:
Lamar P. Fisher
Fisher Auction Company Inc.
License: Au93 Fisher Auction Co: Ab106
