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845 N MAGNOLIA AVENUE ORLANDO FL 32803 | MLS S5032452

110-114 E Marks St & 845 N Magnolia Ave- Can be combined with adjacent property (839 N Magnolia Ave) to create 4 Parcel Assembly with Re-Development Potential of 20 Stories and 296 Units. Ray Design Development’s concept design MOSAIC is a mixed-use project with multifamily and hotel as the primary uses along with an eating and drinking establishment on level 1 which is available to the general public. Because the project has alternate uses comprising at least 10% of the total building area along with other city desired features it will likely qualify for a Density Bonus as described in the Zoning Analysis. The current design has 19 stories with 256 units (152 Residential Apartments and 104 Hotel Suites) however the final height, uses and density are all subject to change per the preferences of a future Buyer and their development team. The maximum residential density for the assembly with a Bonus is 296 units. The maximum non-residential density for the project with a Bonus is 258,720 sf. The site is in a diverse neighborhood with close proximity to Lake Highland Prep, Marks Street Senior Recreation Complex, One Orlando Centre as well as many unique local restaurants, coffee shops, bars and more. Lake Eola, Thornton Park, Publix and more are only a short bike ride away. The AC-3A zoning offers a multitude of permitted uses including residential, hotel, office, medical office, hospital, eating and drinking establishments, retail, personal services, event venue and more. The 4 Parcels 839/845 N Magnolia Ave and 110/114 E Marks St) are Available and For Sale. The Owners of the properties will also consider Joint Venture Opportunities where the land is contributed in exchange for financial compensation and a Carried Interest/Ownership Position in the constructed project. For Additional Information regarding the property or to submit a Purchase or Joint Venture Offering please contact Diamela Atencio of ReMax Premier Properties. Please know Brian Ray of Ray Design Development is available upon request to speak with Buyers, JV Partners, and their Representatives upon request to help clarify questions or provide additional information regarding Architecture, Zoning, Density Potential, City Process or other related items of importance. Zoning Analysis Property Address – 839/845 N Magnolia Ave & 110/114 E Marks St Orlando, FL 32803 Property Area – 32,340 sf (0.74 Acres) Property Dimensions – 147’-0” x 220’-0” Property Zoning – AC-3A (839/845 N Magnolia) & MXD-2 (110/114 E Marks – Note 1) Stories – 20 Stories (Note 2) Building Height – Per FAA (Note 3) Front Setback – 0’-0” (Note 4) Side Street Setback – 0’-0” (Note 4) Side Setback – 0’-0” (Note 5) Rear Setback – 10’-0” (Note 5) Impervious Surface – 0.95 Upper Story Setback – N/A Protected District – N/A Permitted Uses – Multifamily – Hotel – Office – Eating/Drinking – Retail – Medical – Mixed Use Density – Residential – 200 Dwelling Units/Acre or 400 Dwelling Units/Acre with Bonus PLEASE SEE BROCHURE FOR MORE INFORMATION

Property Details

Price:
$4,030,950
MLS #:
S5032452
Status:
Active
Baths:
0.00
Address:
845 N MAGNOLIA AVENUE
Type:
Commercial
City:
ORLANDO
Listed Date:
Apr 1, 2020 (174 days)
State:
FL
ZIP:
32803
Subdivision:
MAGNOLIA PARK
Lot Size:
23,644 sqft / 0.54 acres (approx)
Year Built:
2020

Schools

Interior

Cooling
None

Exterior

Foundation Details
Slab
Front Footage
75
Lot Size Dimensions
120×75
Road Frontage Type
City Street

Financial

Map

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Irma G. Yapor is the Broker-Owner of Real Property International in Windermere, FL. With her 38 years in the Greater Orlando area and extensive experience in advertising, marketing and real estate, you have a well-rounded and knowledgeable professional on your side, specializing in the luxury market. “The Real Estate industry continues to evolve tremendously and we make every effort to stay at the forefront to better serve our sellers and buyers,’ Irma says. “It is all about accessing the…

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845 N MAGNOLIA AVENUE
ORLANDO, FL