Development Site at 15999 Water Spring Boulevard
$1,500,000
15999 Water Spring Boulevard, Winter Garden, FL 34787
Property Description
Rock Mel Investments is pleased to offer a developer a rare opportunity to acquire 2.24+/- acres of commercial real estate within HORIZON WEST. Property is located within Storey Grove Master Plan community within Village H adjacent to Champions at Water Elementary, Water Springs Elementary & Water Springs Middle School. Zoned as Neighborhood Center zoning permits 15,000/SF + 10 Residential Units of prime commercial real estate with many usages from medical, pre-school, retail-strip center, Residential Units. Opportunity for a Live, Work, Play-Concept in the most sought after area of Winter Garden Florida. Rental rates starting in the upwards of $45 to $52NNN psf.
Vacant commercial land parcels are a rare find and opportunity to be in the fastest growing area of Horizon West. The design for Horizon West segmented the community into 6 unique villages. Each village would have a centralized commercial space, designed to be within walking distance to large portions of the local area.
Horizon West, with only about one-forth of its acres built out, already has carved out a place among metro Orlando’s most successful newer developments. When completed, Horizon West will include 42,000+ residential units, five residential villages and a town center to serve Horizon West’s villages with commercial office workplaces and higher density residential areas. Horizon West is one of the three fastest-growing master-planned communities nationwide.
Horizon West, Started less than three full decades ago in southwest Orange County, north of the Walt Disney World Resort, Horizon West today boasts more than 25,000 residents. Approximately 9,700 single-family homes and five apartment complexes have been built within Horizon West’s 38 square miles. At approximately 30% complete, the current population is 25,365 people and will become home to more than 90,000 residents when completed.
("Hickory Nut H) where site is located is home to new and prestigious neighborhoods that boast the best of the Horizon West lifestyle". With Hickory Nut Lake at the center of several of these, it rivals Bridgewater as one of the best villages in which to enjoy the lake life! And with Flamingo Crossings Blvd connecting with Avalon Road, residents in this village of Horizon West will have easy access to not only their own large mixed-use village center but also the offerings coming to Disney's Flamingo Crossings where it intersects Western Way. Once fully developed, Hickory Nut will have up to 6,548 residents.
Property Details
Asset Type
Development Site
Zoning
NC
Acres
2.25
Neighborhood
Horizon West Winter Garden, FL
Submarket
Winter Garden
ZIP
34787
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$85,329
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$7,111
Annual Debt Service
$85,329
View on Map
Address
15999 Water Spring Boulevard
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Winter Garden Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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