Hickory Tree Road and Notle Road

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Hickory Tree Road and Notle Road

N/A, FL 34772-7559
Asking Price
$2.99M
Asset Type
Commercial Land
Class
Class B

What's Special

4.8 acre commercial site of Max FAR 1.0 or 40 units/acre in a rapid growing corridor <ul><li>​Next to the corner of Hickory Tree Road and Notle Road. 20 minutes drive to Lake Nona Medical City, 30 minutes to Orlando International Airport</li><li>​Site Plan for commercial development available</li><li>​Estimated population is 57,691 within 3 miles radius and 4.5% growth by 2029</li><li>​Wide range of uses including retail, nursing homes, hotel, day care, professional services, office, multiple family, residential over residential, etc.</li><li>​Zoning: CCC Up to 1.0 FAR or 40 DU/

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NOI
$80,000
Cap Rate
2.68%
DSCR
0.45
Underwater
Cash-on-Cash
-10.87%
Monthly Payment
$14,792.889
Annual Cash Flow
$-97,514.663

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