Property Description
RARE FULLY APPROVED AND PERMITTED 159-UNIT MULTIFAMILY SITE | 5.22 ACRES ON US-192 | 100% MARKET-RATE A rare opportunity to acquire a fully approved, permitted and construction-ready multifamily development site in the heart of Kissimmee's busiest corridor. The 5.22-acre assemblage of two parcels at 4553 W Irlo Bronson Memorial Hwy is approved for 159 market-rate rental units in a 6-story mid-rise with structured and surface parking and resort-style amenities. Site permits are issued, positioning a buyer for construction commencement within 60 days of closing. SKIP THE ENTITLEMENT RISK: The heavy lifting is done. Zoning, site plan approval, civil engineering, environmental and wetland permitting (SFWMD ERP issued with wetland impacts authorized and mitigation credits already purchased and applied) and site permitting are complete. A buyer saves the time, cost and uncertainty of entitlements, approvals, design, environmental review and permitting, typically 18 to 24 months in Central Florida. FLEXIBLE ZONING: Commercial Tourist (CT) zoning within the West 192 Redevelopment Area. 100% market-rate with no affordable set-aside required, while preserving optionality for affordable or workforce execution (4% LIHTC, Live Local Act) should a buyer prefer that capital stack. LOCATION: Direct frontage on US-192 with 56,529+ vehicles per day, minutes from Walt Disney World, Celebration, Old Town and the Osceola Parkway, and roughly 19 miles to Orlando International Airport. The front parcel provides the US-192 entry, monument signage, landscape buffer and stormwater, connected to the main development parcel by a recorded access easement. The required eastbound turn lane is designed to FDOT standards and is permitted with construction. No County performance bond is required. MARKET: More than 190,000 residents within 5 miles, over 55% renter-occupied households, strong tourism and healthcare employment, and limited supply of entitled multifamily land. Full plan sets, renderings, third-party reports, fee schedules and pro forma are available in the data room upon execution of a confidentiality agreement. Seller is flexible and will consider all reasonable offers and deal structures.