Aspen at Maitland West_Property for Sale

8805 Albemarle Road, Maitland, FL, 32810, US

Aspen at Maitland West

Asset Description

JLL is pleased to offer the sale of Aspen at Maitland West, a premier multifamily development opportunity in the dynamic Maitland area of Orlando, Florida. Located along State Road 414 (Maitland Blvd) on the west side of Interstate 4, the 9.51-acre site is entitled for 385 multifamily units and ideally positioned to support its strong surrounding Class-A office hub, along with the presence of healthcare and education. The Site provides convenience to an expansive retail selection in Altamonte Springs, Winter Park and also in reaching the Downtown demand drivers, serving as a prime investment opportunity to capitalize on Orlando's vast offerings and economic landscape.

The Site is across from the AdventHealth corporate headquarters campus which is comprised of more than 2,000 employees, and just over one mile away is Seminole State College's Altamonte Springs campus that nearly 3,800 students attend, fueling the local healthcare and corporate talent pipeline.

A chain of prominent retailers along SR-436 between SR-434 and the Uptown Altamonte district range from 2.5-5.2 miles from the Site with notable destinations including the Altamonte Mall (Dillard's, JCPenney, Macy's, AMC Theatres), Renaissance Centre (Whole Foods, DSW), Marketplace at Altamonte (Ross Dress For Less, Burlington), Altamonte Crossing (Target, The Home Depot, Michael's), Costco, Lowe's, and ALDI. The central location of the Site also allows for a quick commute to the Orlando Ave / Lee Rd retail node (12 minutes) which includes the extravagant Winter Park Village. Provided the area amenities, a robust tenant profile, and a strong multihousing market forecast, viability of the development is favorable.

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Attributes

Land area gross

3.85 ha

Call for offers

11/02/2025

Media

Investment Highlights

Immediate Job Hub

The Site is conveniently located within the robust Class-A Maitland Center office submarket, encompassing 5.5 million square feet of inventory, and is across from the AdventHealth corporate headquarters which is home to more than 2,000 employees. In total, Maitland's dense worker base consists of ~26,300 employees (Esri).

Notable Healthcare Presence

AdventHealth Altamonte Springs is located ~11 minutes from the Site, consisting of 393 beds and a staff exceeding 2,470 employees. Also, a brand-new $17.7 million HCA Florida Maitland Emergency Room recently opened June 2024, neighboring the Site.
The Site is only ~4 minutes from Seminole State College's high-tech Altamonte Springs campus which specializes in healthcare and comprises nearly 3,800 students.

Expansive Retail Destinations

Positioned in close proximity to the SR-434 / SR-436 retail node (6 minutes), the Site offers access to select tenants including Costco, Target, ALDI, Walmart, TJ Maxx, HomeGoods, Kohl's, Lowe's, and The Home Depot.
Prominent retailers surrounding the Uptown Altamonte district sit ~11 minutes from the Site via I-4 which include the Altamonte Mall (Dillard's JCPenney, Macy's, AMC Theatres), Whole Foods, DSW, Burlington, and Ross Dress For Less.
The extravagant Winter Park Village, Center of Winter Park, and renowned retailers (Nordstrom Rack, Trader Joe's) are located within 12 minutes from the Site.

Excellent Connectivity

Situated off of SR-414 (Maitland Blvd, 54,000 VPD), the Site has direct access to I-4 (189,000 VPD), providing a quick commute to Winter Park, and also Downtown Orlando (~15-minute drive) which boasts 7.1 million square feet of office inventory with over 87,200 professional employees.

Healthy Multihousing Fundamentals

Within a 3-mile radius surrounding the Site, average household income marks $94,776 and there is currently one project under construction with 401 units. Submarket rent growth is projected to increase at an average 3.57% annually over the next 5 years with an average occupancy of 93%.