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5574 Old Cheney Highway, Orlando FL 32807

Lots/Land For Sale
$799,000

BTC: 12.43579767

ETH: 419.94281630

95 days
0 room(s)

Overview

Prime nearly 1-acre multifamily development opportunity in Orlando! This six-parcel assemblage is zoned R-3 and offers outstanding potential for residential development in one of Orlando's growing areas. Conceptual plans have been prepared for a 20-unit multifamily community consisting of 8 two-bedroom/one-bath units, 12 one-bedroom/one-bath units, and 42 parking spaces, providing an excellent foundation for future development. Ideally located along Old Cheney Highway, the property offers convenient access to major highways, Downtown Orlando, Orlando International Airport, shopping, dining, parks, schools, public transportation, and surrounding residential neighborhoods. A Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, and additional development documentation is available for review. The site is vacant and undeveloped, presenting a rare opportunity for builders, developers, and investors in a high-demand residential market. Sale includes all six parcels.

Location

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.97 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$975,000
$352K – $1.9M
Confidence Low
List vs. estimate
$176K below estimate
List $799,000 · -18.1%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Lot

    • Lot: 0.97 Acres

    Other Property Information

    • Parcel Number: 21-22-30-4312-01-021

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A12009037

    Other facts

    • Lot Features: City Location / Inside Location / Other Location / 3/4 To Less Than 1 Acre Lot / Interior Lot / Other Lot Description / Curb / Other / Sidewalk / Street Lights

    • Direction Faces: North

    • Other Structures: None

    • Subdivision Name: LAKE BARTON PARK

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Reign Realty LLC