0 Hwy 27, Davenport, FL | Davenport Land
US - Davenport, FL
THB 83,372,000 | 2.25 ha
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Vistas at Davenport (the “Property” or “Site”), a ±56-acre residential development site located within the Orlando-Davenport MSA, one of Florida’s most exciting and rapidly expanding markets. The Property consists of ±36 acres of uplands and ±21 acres of wetlands. With R-MX (Residential Medium) zoning in-place, the Site allows for maximum density of 10 units per buildable acre and 1 unit per wetland acres. The Owner has designed two conceptual site plans: one for a 304-unit two-story garden-style multifamily project and one for a 230-unit townhome community. New construction single-family home and townhome prices within the immediate area range from $300,000 to $850,000, and build-to-rent & multifamily rents range from $2,050 - $2,800 per month.
Davenport is experiencing transformational economic growth, driven by a quickly expanding population that is relocating to the submarket provided its strategic location near high quality employers in the healthcare, logistics and tourism industries, including Orlando Health, Advent Health, Amazon, FedEx, UPS, Walmart, and Walt Disney World. Further adding to the location’s appeal is superior school district, a plethora of retail amenities, and several championship golf courses. Additionally, the Property benefits from immediate access to US-17 and I-4, allowing for superior freeway connectivity throughout Orlando, Lakeland, and Tampa.
With the combination of high-quality employers, population growth, and strong residential fundamentals, Vistas at Davenport is positioned as a one-of-a-kind development opportunity in the fastest growing state in the country.