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Development Site Listed at 320 Tuskawilla Road

Development Site Listed at 320 Tuskawilla Road
FOR SALE
View more

$3,500,000

320 Tuskawilla Road, Winter Springs, FL 32708

Property Description

Rock Mel Investments is pleased to offer for the first time on the open market, Lennar Homes Commercial outparcel within their 379 Single family home community known as Tuskawilla Crossings. This 3+/- acre parcel has excellent visibility on Tuskawilla and Michael Blade Road adjacent to both ground breaking Ace Hardware and Town Storage. Zoning is T4 and falls into the zoning of General Urban permitting office, medical, convenient store, grocery store, multifamily, residential, retail, carwash, apartments, bank, and additional usages. Tuskawilla is a planned unit development (PUD)consisting of more than 28 distinct subdivisions, each with its own homeowner’s association and specific features representing 11,000 residents.

Located just 20 miles north of Orlando in south-central Seminole County, Winter Springs has a growing economy,

a professional workforce, and offers an excellent living environment. The City is a sought after location for families and young professionals with exceptional schools, nationally recognized parks, low crime rates, and beautifully landscaped streets. It has easy vehicular access to the State Road 417 (Seminole Expressway/Central Florida Greeneway) with linkage to area airports, University of Central Florida, Lake Nona Medical Center and the greater Orlando metro area all within 30 minutes. Economic growth is strong in Winter Springs with the development of the Town Center at State Road 434 and Tuskawilla Rd. At build-out, the Town Center will include 800,000 SF retail, 600,000 SF office, 700 hotel units, and 4000residential units. The total anticipated investment is $700-800 million. Of the total acreage, 41% is currently developed, 15% is in review, with the remaining 44% (approximately 150 acres) available for development.

Just east of the Town Center, is the Greeneway Interchange District (GID) located at the juncture of State Road 417 and State Road 434. The GID is expected to become a premier employment center with professional office buildings, conference facility and hotel. Close to 200 acres of developable land is available. Winter Springs’ population is 34,621, but the City draws from a larger area population of 118,788 within a 5-mile radius, and 520,458 within a 10-mile radius. (orlandoEDC.com)


* Join Starbucks, Ace Hardware, Aldi, Chipotle, Crunch Fitness, Heartland Dental & Fifth Third Bank.

* 3+/- Acre Lennar’s outparcel opportunity with frontage on Tuskawilla Road (South of SR 434) 36,500 ADT just 500 less counts than (SR 434).

* Outparcel FOR SALE, Ground Lease or Build-to-Suit.

* High income and strong population growth within trade area.

* Good density of single family, townhomes & multifamily units in the immediate area.

* DOT Traffic Counts: SR 434 - 37,000 AADT | Tuskawilla Rd (South of SR 434) - 36,500 AADT.


Property Details

Asset Type

Development Site

Zoning

T4

Acres

3

Neighborhood

Tuskawilla Crossings

Submarket

Winter Springs

ZIP

32708

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$199,101

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$16,592

Annual Debt Service

$199,101

View on Map

Address

320 Tuskawilla Road

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Winter Springs Development Site Market Snapshot

Boundary boundary · Development Site · Sale

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Melissa Rodriguez

Melissa Rodriguez

Real Estate Agent

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Melissa Rodriguez

Melissa Rodriguez

Real Estate Agent

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