5574 Old Cheney Highway, Orlando FL 32807

$799,000

Description

Prime nearly 1-acre multifamily development opportunity in Orlando! This six-parcel assemblage is zoned R-3 and offers outstanding potential for residential development in one of Orlando's growing areas. Conceptual plans have been prepared for a 20-unit multifamily community consisting of 8 two-bedroom/one-bath units, 12 one-bedroom/one-bath units, and 42 parking spaces, providing an excellent foundation for future development. Ideally located along Old Cheney Highway, the property offers convenient access to major highways, Downtown Orlando, Orlando International Airport, shopping, dining, parks, schools, public transportation, and surrounding residential neighborhoods. A Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, and additional development documentation is available for review. The site is vacant and undeveloped, presenting a rare opportunity for builders, developers, and investors in a high-demand residential market. Sale includes all six parcels.

Listing courtesy of Rubi Rodriguez, Reign Realty LLC · Updated 7/23/2026