4808 S Rio Grande Ave, Orlando, FL 32839

Reduced to $699,000! Owners encourage buyers to submit offers! This 0.86-acre site in Orange County presents a prime opportunity for developers seeking to deliver Affordable Housing, Multifamily, or Mixed-Use projects. Zoned T4.3, the property offers impressive development flexibility with a density range of 10 to 30 dwelling units per acre — and up to 40 dwelling units per acre under Affordable Housing provisions. Check out the Offering Memorandum that illustrates the conceptual 21 Townhome Site Plan. The zoning also permits a Floor Area Ratio (FAR) of 1.5, supporting residential, commercial, and mixed-use designs.

Located in a vibrant area with strong demand for attainable housing, the site is well-positioned near key employment hubs, retail centers, and major transportation corridors. Residents would enjoy easy access to destinations such as The Mall at Millenia, Universal Orlando Resort, and Downtown Orlando, while benefiting from proximity to I-4 and the Florida Turnpike for regional connectivity. The surrounding community is evolving with ongoing investment and redevelopment, making this an ideal location for an impactful, high-density project that meets both market demand and community needs.

Located in a growing corridor of Orlando, this 0.86-acre site offers an exceptional opportunity for Affordable Housing or Multifamily development. The property is Zoned T4.3 to support residential projects that address the area’s strong demand for attainable housing options. Situated within minutes of major employment centers, shopping, and transportation, the location provides easy access to Downtown Orlando, just a short drive north, and the bustling Millenia area to the west. Nearby amenities include The Mall at Millenia, Universal Orlando Resort, and the Orlando International Premium Outlets, providing residents with plentiful retail, dining, and entertainment options. Additionally, the area benefits from proximity to major highways such as I-4 and the Florida Turnpike, offering convenient regional connectivity. The surrounding neighborhood has experienced steady growth and redevelopment, making this a strategic choice for investors looking to deliver quality, affordable living in a desirable urban setting. This site combines accessibility, favorable zoning, and an active surrounding community to support a successful multifamily development.