Lake Pickett Rd

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Lake Pickett Rd

Orlando, FL 32820
Asking Price
$3.50M
Asset Type
Land
Class
Class B

What's Special

This prime land parcel is located along Lake Pickett Road in East Orlando, situated within a transitioning corridor that blends rural charm with suburban convenience. The property is positioned near the thriving University of Central Florida community and the high-tech hub of Central Florida Research Park. Residents and businesses in the area benefit from proximity to local retail centers and recreational amenities. The site offers efficient transportation access via the nearby SR-408 (East-West Expressway) and SR-417 (Central Florida GreeneWay), providing direct connections to downtown Orlando and the Orlando International Airport. The site’s strategic location and zoning potential make it suitable for residential development, private estates, or institutional uses such as educational facilities or religious organizations. Given the surrounding demographic growth, the property is well-positioned for an owner-user or developer looking to capitalize on the expansion of East Orange County. Typical profiles include residential homebuilders or organizations seeking a significant footprint in a high-growth area that retains a natural, open-space character.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.39
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,311.143
Annual Cash Flow
$-127,733.715

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