Explore the untapped potential of this neighborhood property in Longwood, FL – a former senior living facility (last in operations in 2022) with 77 units and 28 parking spaces. Strategically situated in Seminole County, just north of Orlando between Hwy 17 and Interstate 4, this dynamic property presents a unique opportunity for redevelopment for uses like corporate housing or apartments. Also nearby are the Orlando Health South Seminole Hospital and the Longwood Sunrail Station.
*The site is zoned Medium Density Residential, which does not allow for senior living facilities. A conditional use site plan would be required to re-open the facility for senior living uses.
The subject property is located on the corner of East Church Ave and Grant St in Longwood, Florida. It is located just north of Orlando between Hwy 17 and Interstate 4.
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.