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Fully Permitted 159-Unit Development Site | High-Growth Corridor | CT Zoning
Shovel-ready multifamily development site totaling ±5. 22 acres across two parcels in Kissimmee’s booming W. Irlo Bronson (US-192) corridor. Approved for 159 market-rate rental units with no affordable housing requirements, the project is fully permitted and ready for pre-construction meeting with Osceola County. Delivered with all civil and site plans in place. Vertical architectural and MEP drawings to be completed by the developer during site work phase.
Located just 8 miles from Walt Disney World and 19 miles from Orlando International Airport, the site offers high visibility with 56, 529+ vehicles per day and direct frontage along US-192. The parcels are connected by a recorded easement, with the smaller front parcel designed for dry retention, monument signage, enhanced landscaping, and a planned Lynx bus stop to maximize exposure.
Zoned Commercial Tourist (CT), allowing flexible development paths including multifamily, hospitality, senior living, or alternative housing types. Positioned within the West 192 CRA, which imposes enhanced design standards and long-term value controls. Site planning approvals navigated successfully with mitigation credits already paid and no off-site roadway improvements required.
The property lies within a 5-mile radius of 190, 000+ residents, a population that is growing at unprecedented rates. Over 55% of households are renter-occupied, with a limited supply of entitled land, strong absorption, and market rents supporting premium new construction.
Residential development benefits from major economic contributors, strong local schools, and accessible site utilities. A rare opportunity to develop immediately in one of Central Florida’s fastest-growing rental corridors.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $4,400,000 | $4,400,000 | $4,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.972% | 5.826% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $24,639 | $26,028 | $36,244 |
| Total Monthly Payment | $24,764 | $26,153 | $36,369 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.