Prime Oviedo Lot

Red Bug Lake Road & Slavia Road Oviedo, FL 32765

FOR SALE
Property Type:
Other Land
Amount:
$2,250,000
Last Verified:
May 25, 2021

Highlights

  • 7.365 Acre Orlando MSA , OVIEDO, FL Parcel READY for Development
  • Yards from Lighted Intersection of Red Bug Lake Rd and Slavia Rd
  • Right-In/Right-Out on Slavia Rd
  • Prime Traffic Route 40,000 VPD
  • 5 Miles to University of Central Florida
  • 1-3 Blocks N-S-E-W from Prime Retail, Dining, Office, Medical
  • Florida has no State Income Tax
  • Great Opportunity for All Commercial Uses

Description

7.365 Acre Parcel in prime OVIEDO, FL location READY for Development. Great Opportunity for All Commercial Uses. Yards from Lighted Intersection of Red Bug Lake Rd and Slavia Rd, with a Right-In/Right-Out on Slavia Rd. Oviedo, Florida is 13 miles NE of Orlando, FL (center to center) and 91 miles NE of Tampa, FL. Red Bug Lake Rd is a major thoroughfare running East to West through heavy residential and retail of Seminole County, a part of Orlando MSA, which include the cities of Oviedo, Winter Springs, Winter Park, and Casselberry. Red Bug Lake Rd intersects with Hwy 436/Semoran Blvd which runs North and South near I-4. Making this strategic location accessible from every direction as well as easy access to Public Transportation. Household Incomes average $114,000 and Population average 94,000 in 5 miles. This Prime Traffic Route averages 40,000 VPD, is only 5 miles from UCF- #1 Largest Universities of 2019 Enrollment in the U.S. (according to prepscholar.com), and 1-3 Blocks in either direction is Nearby Ever Expanding tremendous National and Regional RETAIL such as Target, Oviedo Mall, Oviedo Medical Center, Advent Health, Lowe's, The Home Depot, Publix (2 of them actually- Each only 1.5 Miles N or S of lot), Starbucks, 7-11, Staples, Sprint, Verizon, Fresh Market, Ulta, Bank of America, SunTrust, Walgreen's, CVS and Hobby Lobby just to name a few. This area boasts as well, National and Regional Dining establishments; Rock & Brews, Macaroni Grill, Chipotle, Five Guys, Chik-Fil-A, Panera Bread, Delmonico's, Outback, Popeye's, - and so many more. Suitable for Office and/or Medical, this parcel is an excellent opportunity to acquire a strategically located development investment in the highly sought after Orlando MSA, township of Oviedo. Florida has no State Income Tax.

Inside corner of Red Bug Lake Rd and West End of Slavia Rd

Lot Size: 7.36 acres

Map of Red Bug Lake Road & Slavia Road, Oviedo, FL, 32765

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.