Fully Permitted 159-Unit Multifamily Development Site

Highlights:

• Fully Permitted for 159 Market-Rate Units
• Allowed Affordable Housing or Workforce but No Rent Requirements
• CT Zoning – Hospitality, Multifamily, or Senior Living Allowed
• Frontage on US-192 with Over 56,500 Vehicles Per Day
• Within West 192 CRA – Design Standards & CRA Incentives
• All Civil Plans Approved & Wetland Mitigation Credits Paid
• Shovel-Ready: Pre-Construction Meeting Can Be Scheduled Immediately
• 5-over-1 Podium (Wood Frame) Design Efficiency
• 8 Miles to Disney | 19 Miles to MCO | Adjacent to Major Retail & Employers
• ALL REASONABLE OFFERS AND TERMS CONSIDERED

Description:

Rare Fully Permitted 159-Unit Development Opportunity in Booming Kissimmee Corridor

This shovel-ready multifamily development site offers a fully entitled and permitted opportunity to construct 159 market-rate rental units across two tax parcels totaling ±5.22 acres. Located directly on the high-traffic W. Irlo Bronson Memorial Highway (US-192) in Kissimmee, FL, the site sits just 8 miles from Walt Disney World and 19 miles from Orlando International Airport—providing unparalleled regional access and visibility, with daily traffic counts exceeding 56,500 vehicles.

The property has undergone extensive predevelopment planning and permitting, resulting in a turn-key construction opportunity. Civil engineering and site plan approvals are complete, and mitigation credits have already been paid in full. The project is ready for immediate scheduling of a pre-construction meeting with Osceola County. While the civil and site infrastructure plans are fully delivered, vertical architectural, structural, and MEP designs remain to be finalized by the eventual developer, offering design flexibility during the site work phase.

Strategic Site Design and Flexibility

The development is divided into two non-contiguous but connected parcels via a recorded easement. The larger rear parcel supports the vertical residential construction and associated amenities, while the front ±1-acre parcel—positioned directly on US-192—has been strategically planned for monument signage, dry retention, enhanced landscaping, and a planned LYNX bus stop, maximizing marketing exposure and public access. The site is engineered for efficient 5-over-1 podium construction: five stories of wood-frame construction over a concrete parking podium.

Zoned Commercial Tourist (CT), the property offers exceptional flexibility for a range of end uses. Developers can pursue multifamily, hospitality, senior living, or other residential alternatives without the burden of workforce or affordable housing restrictions. This is a rare opportunity to develop pure market-rate rental housing in a high-growth corridor where zoning, infrastructure, and entitlements are increasingly difficult to secure.

Located Within the West 192 CRA

The site lies within the West 192 Community Redevelopment Area (CRA), a long-term redevelopment initiative focused on elevating the corridor through enhanced urban design, stricter architectural standards, and cohesive planning controls. While CRA participation added complexity to the entitlement process, it now ensures that all surrounding development will maintain high-quality standards, reinforcing long-term value in this core submarket. Projects within the CRA may also qualify for Tax Increment Financing (TIF) or CRA-based grant support, providing added upside for new ownership.

Explosive Population Growth and Market Demand

The property sits within a 5-mile radius of over 190,000 residents, with 55% renter-occupancy and projected population growth of over 20% by 2029. Osceola County is among the fastest-growing regions in Florida, driven by continued southward expansion from Metro Orlando and economic anchors such as Walt Disney World, Universal Studios, and a robust service and tourism sector. Market rent comps support strong projected performance, with 1BR units exceeding $1,800, 2BR units averaging $2,100+, and 3BR units commanding $2,500–$2,700.

The limited pipeline of entitled land and rising construction timelines across Central Florida only enhance the value of this fully approved site. With all impact fees, utility connection fees, bonding requirements, and civil approvals in place, the project is poised for efficient execution and early stabilization.

ALL REASONABLE OFFERS AND TERMS CONSIDERED

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