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31414868
31414869

345 W Mitchell Hammock Rd, Oviedo, FL 32765

BK
FL BK3333122
Compass
Listed by Compass
Unpriced
64 days on market
Updated 50 days ago
Under Contract

Mitchell Hammock Commercial Pad

Details
APN 16-21-31-505-0000-0170
Property Type Land, Retail
Sub Type Commercial
Broker Co-Op Yes
Acreage 0.760
Zoning Commercial Zoning (C-2)
Ownership Fee Simple

Flexible C-2 Zoning

Marketing description

345 W Mitchell Hammock Road is a 0.76 acre C2 General Commercial pad site in Oviedo, FL with approved direct driveway access onto Mitchell Hammock Road and a verified 2025 traffic count of 38,745 AADT. The site fronts an established national retail corridor with immediate co-tenancy including Outback Steakhouse, Pep Boys, Mavis Tire & Brakes, Miller's Ale House, Mister Car Wash, Tire Choice, and Popeyes.

Previously approved by the City of Oviedo for a 2,190 SF dental office with full site plan approval and SJRWMD stormwater permit in hand. Net developable footprint is approximately 18,587 SF following a recorded wetland conservation easement of 14,560 SF. Maximum FAR of 0.50 supports up to approximately 9,000 SF of building. All utilities active at the site.

Property falls within FEMA Flood Zone A; addressed through engineered stormwater retention in the prior approved plan.

C2 zoning is the City of Oviedo's highest intensity commercial designation, permitting medical and dental offices, retail, QSR and restaurant with drive through, automotive services, banks, and professional services all by right. No rezoning required for any of these uses.

The surrounding trade area ranks among the strongest in the greater Orlando MSA. The 1 mile average household income is $112,198 and population grew 12.28% from 2020 to 2025, nearly double the Seminole County rate. The 3 mile average household income is $127,935 with $2.3 billion in consumer buying power and $12.1 million in annual food away from home spending within 1 mile.

Investment highlights

  • 38,745 AADT with Approved Direct Driveway Access — One of the strongest traffic counts on the Mitchell Hammock Road corridor, with a City-approved driveway providing direct ingress and egress to the arterial. No shared access, no cross-easement required.

  • C2 Zoning — Broadest Permitted Use Set in the City of Oviedo — Medical and dental offices, QSR with drive through, retail, banks with drive through, automotive services, and professional services are all permitted by right. A change from the previously approved dental use requires only a site plan amendment.

  • Full Engineering and City Approvals Already Completed — Prior owner obtained complete City of Oviedo site plan approval and SJRWMD stormwater management permit for a 2,190 SF dental office. Engineering, drainage design, driveway approval, and utility connections are documented and available, which significantly reduces predevelopment cost and timeline for any buyer.

  • Wetland Mitigation Can Substantially Expand the Buildable Footprint — The northern wetlands currently limits the net developable area to approximately 18,587 SF. Wetland mitigation costs in this submarket are relatively modest and, if pursued, could open a significantly larger portion of the 33,147 SF gross site to development — presenting a meaningful value-add opportunity for buyers willing to pursue the process.

  • Up to ±9,000 SF of Building Supportable on Current Net Footprint — With a maximum permitted FAR of 0.50 applied to the net developable area, the site can support a building nearly 4x the size of the previously approved dental office without any mitigation — well-suited for a multi tenant medical, retail, or QSR with drive through concept.

  • All Utilities Active and In Place — City of Oviedo municipal water and sewer and Duke Energy electric service are in place at the site. No utility extension cost, no lift station, no off-site infrastructure required.

  • Dominant National Retail Corridor — Immediate neighbors include Outback Steakhouse, Pep Boys, Mavis Tire & Brakes, Miller's Ale-House, Mister Car Wash, Tire Choice, and Popeyes. The adjacent multi-tenant retail building at 385 W Mitchell Hammock Road is 100% occupied with a CoStar Location Score of 87 (Excellent) and estimated NNN rents of $29–$35/SF — a direct benchmark for the subject site's commercial viability.

  • High Income, High Growth Trade Area — 1 mile average household income of $112,198 and population growth of 12.28% from 2020–2025 — nearly double the Seminole County rate. The 3 mile average household income reaches $127,935, with $2.3 billion in consumer buying power and $12.1 million in annual food-away-from-home spending within 1 mile alone.

  • Seller Flexible on Price and Approval Timeline — Seller will provide time for a buyer to pursue new entitlements or a site plan amendment for an alternate use, making this equally actionable for a ready-to-build operator and a buyer who needs a short entitlement runway before closing.

Listing Contacts

BK
FL BK3333122
Compass
Listed by Compass

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Additional Information

Name
Brad Kuskin
License
BK3333122
Brokerage
Compass Florida LLC
Title
Founding Principal
Brokerage Address
5370 Donald Ross Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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