Absolute Auction, Orlando Msa Land

Land Description

$1 Auction - 1.75 AC Orlando MSA | 14% Pop Growth.

Marketplace Online Auction | August 09-11, 2022

All bidders must register with Marketplace to participate in the auction, see details below.

Investment Highlights

±1.75 AC of Land in the Rapidly Growing Community of Kissimmee, Florida

±30 Miles from Downtown Orlando | ±20 Miles from Disney World

Attractive Demographics with 5-Mile Population of ±86,043 and Annual Household Income of ±$65,278

Tremendous 251.7% Growth from 2000-2021 and Future Double-Digit Growth Anticipated (5-Mile Radius)

Median Poinciana Home Listing Price of $294,450

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present ±1.75 AC of land adjacent to 801 Oglethorpe Court (the “Property”) in Kissimmee, Florida. The Property offers an exceptional investment opportunity via development and first bid meets reserve. The Property consists of a single parcel totaling 1.75 acres positioned in the direction of future growth. The Property is positioned at the intersection of Monterey Road and Laurel Avenue and benefits from frontage and visibility on both.

Kissimmee is the largest city and county seat of Osceola County. Kissimmee has evolved from a transportation hub in the late nineteenth century into one of the top vacation destinations in the world. Tourism and hospitality are at the heart of the local economy, benefitting from the city's strategic location south of Orlando and near Disney World. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2021 population of ±86,043 people and average household income of $65,278 within a 5-mile radius. The area has benefited from significant population growth of ±251.7% from 2000-2021 and will continue to benefit from a population that is expanding, with ±14.3% growth projected from 2021-2026 (5-mile radius).

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Lamar P. Fisher

Fisher Auction Company Inc.

License: Au93

Fisher Auction Co: Ab106