|1735 TIMOCUAN WAY, LONGWOOD FL 32750|
BACK ON MARKET! One of the cheapest price per acre properties in the entire Greater Orlando area! Calling all investors, developers, or homeowners who want complete seclusion but do not want to sacrifice proximity to Central Florida! This is the property for you! 3.39 acres in Longwood! Single family home that was essentially converted into a duplex. New roof put on in June of last year! Although the property is on one electric and water meter, the owner separated the a/c systems and duct work so that each unit can be controlled separately. Air handlers were stolen but new ones can easily be added. Most of the property is heavily wooded. While the building is in satisfactory condition (can be updated if desired), most of the value in this property is the future land value. Surrounding properties are being used as retail and manufacturing commercial spaces. Changing the zoning designation from agricultural to commercial use would be a likely possibility. To submit a preapplication rezoning request, please fill out the form here: https://www.seminolecountyfl.gov/core/fileparse.php/3423/urlt/Pre-Application-ADA.pdf. The Longwood area commercial submarket shows an average cap rate of 9.5% in the last 12 months (CoStar Data). Drone video footage is available upon request.