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Updated about 3 years ago,

User Stats

26
Posts
5
Votes
Ethan Ross
Pro Member
  • Rental Property Investor
  • North Carolina Triad
5
Votes |
26
Posts

2.5 Acres in Kissemee FL- AC zoned

Ethan Ross
Pro Member
  • Rental Property Investor
  • North Carolina Triad
Posted

I have a 2.5 acres lot in Kissimmee FL, (35 min from Universal Orlando) that is being given to me. 
its currently zone AC agricultural. Most lots around the property have been re-zones to low density residential. I am allowed to split the lot up to 2 times. 
The back half of the property is on a wet land, not sure how far in it encroaches. 
I am trying to determine what my best options are for the land.

My first though was to put 2 or 3 single family homes on it, but the comps in the area seem to indicate that the houses would be worth less than what it costs to build

My second thought was to clear the land and set 2 or 3 spaces for mobile homes. 


I order to proceed I would have to do land markouts, surveys, and rezoning which can come to around $10,000.

Does anyone have any ideas on what is the best way to capitalize on a property like this?

thank you