Turnkey Multifamily Development Opportunity – Central Florida
Description
This is a true shovel-ready multifamily development opportunity in a high-growth Central Florida corridor. The property is fully approved and permitted for immediate development, offering a rare chance for developers to capitalize on the increasing demand for market-rate rental units. The site is designed to accommodate 168–200 units across two efficiently planned buildings, with flexibility to adjust the unit mix according to market strategy or developer preference.
Key Development Highlights:
- Fully Approved and Permitted Project – All entitlements are in place, providing a seamless pathway to construction without the usual delays of zoning or permitting approvals.
- Turnkey Development Package – Complete site improvements, utility connections, off-site work, paving, and curbing are included, allowing for immediate vertical construction after acquisition.
- Comprehensive Construction Documents – A full set of architectural plans and engineering designs is included, meticulously crafted to maximize efficiency, reduce construction costs, and ensure a profitable rental community.
- Flexible Unit Layouts – Developers can tailor the unit mix to optimize yield, catering to market demand and strategic objectives.
- Rapid Path to Revenue – With horizontal site work completed and all permits secured, vertical construction can commence immediately, shortening the timeline to lease-up and cash flow generation.
- Adjacent Commercial Parcel – The offering includes a 2-acre commercial site, fully approved for up to 18,000 sq. ft. of retail, commercial, or flex space, providing potential for complementary revenue streams and enhanced community amenities.
Strategic Location and Market Potential:
- High-Growth Suburban Market – Located in a rapidly expanding corridor of Central Florida, the property is surrounded by dozens of new housing developments, attracting a steady influx of residents.
- Strong Rental Demand – The area demonstrates a consistently increasing need for quality rental units, with rising rental rates reflecting strong market fundamentals.
- Emerging Community – The parcel is positioned in one of the few planned rental communities in the region, offering an economic housing alternative to surrounding for-sale developments.
- Proximity to Amenities – Strategically located near shopping, dining, schools, and community services, enhancing the attractiveness for future residents and long-term occupancy.
Investment Opportunity:
This development presents a unique opportunity for builders, investors, and developers seeking a ready-to-build multifamily project in one of Central Florida’s fastest-growing markets. With permits, site work, and construction-ready plans in place, the property allows for a streamlined development process, minimizing time and costs while maximizing the potential for revenue generation and long-term asset appreciation. The inclusion of an adjacent commercial parcel further enhances investment versatility and potential returns.
Address
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Address Haines City, FL
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Country United States
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Province/State Florida
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City/Town Haines City
Overview
- Property ID 13849
- Price $9,500,000
- Property Type Business, Development opportunities, Multifamily
- Property status For sale
- Lot Area 8.84 acres