Development Site at Hickory Tree Road Listed by Melissa Rodriguez
$1,500,000
Hickory Tree Road, Saint Cloud, FL 34772
Property Description
Rock Mel Investments is pleased to offer Old Hickory Tree Crossroads consisting of 1.67+/- acres of prime commercial real estate in one of the fastest growing corridor of Osceola County in the City of Saint Cloud .Hickory Tree Crossroads is a Prime Corner Commercial Lot with Excellent Visibility on Hickory Tree & Old Hickory Tree Rd. Prime corner lot presents excellent visibility with 327” of frontage on Old Hickory Tree and 253” on Hickory Tree Road. Subject property is surrounded by National Track home builders such as Taylor Morrison, KB Homes, Pulte, Hanover, Park Square, Jones Homes who all are acquiring and developing land throughout this most sought after corridor of St. Cloud. New Developments are on the Rise as land is becoming scarce as the demand for homes in Florida continue to outpace developer’s inventory. Prelim Site Plan consisting of 15, 318/SF retail building with excellent visibility and great corner cut.. Projected rental rates of $30+/PSF.
The asset also benefits from the additional rooftops within Twin Lake community developed by Jones Homes with over 2000+ roof tops in the first two phases currently being constructed. Other points of interest include, 2.5 Miles to Downtown St. Cloud, 3 Miles to Walmart, 1.5 Miles to Publix, 25 Miles to Disney World & 30 Miles to Orlando.
This land is in the direct path of growth and property is developing all around the subject property. National Track home builders such as Lennar, DR. Horton, Pulte, Hanover, Park Square, Stellar Communities are acquiring and developing land throughout the corridor within the corridor of Hickory Tree Road & Nolte Road. New Developments are on the Rise as land is becoming scarce as the demand for homes in Florida continue to outpace developer’s inventory. The project would include an east-west road linking Hickory Tree Road to Old Hickory Tree Road. St. Cloud has seen a great intensity of track home builders take down land in the last couple of years as St. Cloud, is one of Fastest-Growing Towns in the nation, Ranked #9 Safest Cities in Florida (2019). Land is zoned NB with several commercial opportunities such as Medical Office, 20,000/SF of retail, Storage Facility, Veterinarian Clinic, Pre-School and other usages. Lot 2 known as Old Hickory Tree Crossroads is a prime commercial corner lot ±1.67 commercial acres in one of the fastest growing sector of Osceola County known as Saint Cloud.
Property Details
Asset Type
Development Site
Zoning
Commercial
Lot Size
1 SF
Neighborhood
St. Cloud
Submarket
Saint Cloud
ZIP
34772
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
Hickory Tree Road
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Saint Cloud Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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