Price Reduced 9.27%

$499,000 ($354.40 per sqft)

Est. Mortgage $2,458/mo *

Quick Pre-Approval

Price History

$550,000
2/20/2026

$525,000
2/25/2026

$499,000
4/28/2026


538 N PARRAMORE AVENUE, Orlando, FL, 32801

538 N PARRAMORE AVENUE, Orlando, FL, 32801

7 rooms

3 beds

3 Full baths

1925

1,408 sqft

**Priced well below appraised value with seller financing available! This property qualifies for a credit through the seller's preferred lender** Prime opportunity in Downtown Orlando at 538 N Parramore Avenue, directly across from Creative Village and positioned within one of the city’s most transformative and forward-thinking districts. This location places you at the center of Orlando’s expanding westward growth corridor, surrounded by new residential, educational, office, and mixed-use development. The existing 1,408 SF building offers flexibility under ORL-I-G / T / PH zoning (Industrial General with Transit and Parramore Heritage overlays). Potential permitted uses may include office, professional services, studio, light industrial, or future redevelopment (buyer to verify intended use with the City of Orlando). Whether you envision repositioning the existing structure or holding for long-term appreciation, the zoning supports a broad range of possibilities. Accessibility is exceptional. The property is just two blocks from Colonial Drive (Hwy 50), moments from Amelia Street, and offers immediate connectivity to I-4, SR-408, and US-441. Its central Downtown Orlando location provides convenient access throughout Central Florida. Creative Village, UCF Downtown, Valencia College Downtown Campus, and major municipal and employment centers are all nearby, reinforcing the area’s continued public and private investment, infrastructure improvements, and measurable urban revitalization. Ideal for an owner-user, investor, or buyer seeking flexibility within a rapidly evolving Downtown Orlando district. Strategically located, well-connected, and positioned within an active growth corridor, 538 N Parramore Avenue presents a rare opportunity to establish a presence in one of Orlando’s most dynamic urban areas. For additional details, zoning verification, or to schedule a private tour, please contact the listing agent.


Status:

Active

Type:

Single-family residential

Furnished Remarks:

Unfurnished

Laundry Remarks:

Laundry Room, Other

Subdivision:

ORANGE GROVE PARK

Heating:

Central, Electric

Cooling:

Central Air

Acreage:

0.23

Est. Taxes:

$3,319

Construction

Other, Wood Siding

Utilities

Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Days on Market:

67

Pet Policy:

Yes

Appliances:

Other

Min Lease Term:

No Minimum

MLS #:

O6378557


Community Info

School Info

Walk Score

Yelp



Listing courtesy of KELLER WILLIAMS ADVANTAGE III 407-207-0825