110 W Jefferson Street

Description

Property Summary 110 W Jefferson Street Orlando, Florida 32801 Located on the NE corner of Garland Ave and Washington St in Orlando, Orange County, Florida is a vacant land tract with great benefits due to its location in the Central Business District. The site contains 1.39 acres (60,607 SF) and is 100% usable. With an AC-3A/T (Downtown Metropolitan Activity Core Center District / Traditional City Overlay District) zoning, this property has a wide variety of uses, including both commercial and residential, while being up-zoned/re-entitled and master plan approved by the City of Orlando. This master plan allows for a 37- story mix-use development of 555 residential units with an amenities deck, 22,000 SF of retail space, 40,895 SF of office space, and a parking garage containing 300 parking spaces. Trinity Towers is pristinely placed in the heart of the Downtown Orlando Activity Core with many linkages to the market provided by I-4 (115,500 AADT) and the East and West Expressway (SR 408), and main arterial roads providing access to the subject property market area including E Colonial Dr, Orange Ave (9800 AADT) , Rosiland/Magnolia Ave, N Mills Ave (US Hwy 17- 92), among others. Direct access to the subject area is provided by Washington St (6300 AADT), Gertrude Ave, and Garland Ave (9800 AADT). The site is also easily accessible via public transportation in the CBD from bus services provided by Lynx and Lymo and the SunRail commuter train service to Southern Volusia, Seminole, and Orange Counties, despite automobile being the primary mode of transport. Location benefits include a walking distance to the nearest fire and police stations, close proximity to parks, open spaces, and other possible recreation. Just three blocks from the property is Lake Eola Park, which features a walking trail, boat rides, a playground, amphitheater, and many outdoor events and activities. The subject property is 0.7 miles from Amway Center, 0.7 miles to the nearest I-4 onramp (off E South St), and 0.9 miles to the I-4 x SR 408 Intersection. The current population within a 3-mile radius is 97,000 with an average household size of 2.0 and a median household income of $72,719, which is above the average for Orange County. Residents within a 3-mile radius have a considerably higher level of educational attainment than those of Orange County, while median owner occupied home values are considerably higher. Orange County is located in the central portion of Florida approximately 80 miles northeast of Tampa. It is 903 square miles in size and has a population density of 1,585 persons per square mile. Orange County has na estimated 2022 population of 1,432,002, which represents a average annual 1.9% increase, exceeding the State of Florida ratio of 1.3%. Orange Countys population is projected to increase by 1.1% annually from 2022-2027, equivalent to an average of 16,575 residents per year while outperforming the growth rate of the State of Florida.