Prime commercial lot in a rapidly growing Orlando corridor. Currently zoned P-O (Professional Office), this 0.32-acre parcel offers immediate commercial development potential — and a compelling upside for investors considering a future rezoning to multifamily. The surrounding area already includes multiple multifamily communities, strengthening the precedent for higher-density residential use. More than 26.000 cars daily. The location is a major value driver: just 0.5 miles from Walmart Supercenter, surrounded by restaurants, retail, and daily-use services that support both commercial and residential demand. The property also sits 0.3 miles from Oak Ridge High School and the YMCA Family Center, two high-traffic anchors that enhance the viability of office, service-based, or multifamily development. With efficient dimensions (approx. 86 x 159 ft) and positioned in Flood Zone X, this site minimizes development risk while maximizing flexibility. Ideal for investors seeking: • Commercial construction (office, medical, service-based) • Land banking in a high-growth submarket • Multifamily development through rezoning (supported by nearby precedents) • Mixed-use concepts in a proven demand corridor A rare opportunity to secure a strategically located commercial parcel with real potential for transformation in South Orlando.
Vacant landProperty Type
0.32 acresLot Size
$1,031,250Price/Acres
Listed by Hugo Borges Ota Neto• WRA BUSINESS & REAL ESTATE
Directions: From Walmart Supercenter on S John Young Pkwy, head east on W Oak Ridge Road for approximately 0.5 miles. The property will be on your right, just past the intersection with S Texas Avenue.
Electricity and solar
View estimated energy costs and solar savings for this home
Multi-Family Land - Great Deal for a limited time!!! Originally zoned Multi-Family, zoning switched to office; seller would give credit to buyer for re-zoning back to Multi-family.
As the MLS and public records start to fill up, we'll list the details here.
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Vacant Land
County
Orange County
APN
23-23-29-0000-00-134
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Last updated by owner on Apr 8, 2023.
P-O
Professional Office District
To provide for and encourage development of a wide variety of high quality functional and attractive professional office centers in accordance with adopted county development plans and policies; To establish standards which will promote high quality site development of individual office structures and larger office centers, both of which are properly oriented towards arterial roads and compatible with adjoining properties; To encourage the provision of professional services at the neighborhood and community levels, and to provide sites large enough to permit landscaped open spaces and off-street parking facilities; To recognize the growing importance of the county as a regional service center and the need to accommodate the increasing service demands of the resident and tourist populations.
Permitted uses
Include but are not limited to:
Day care facility
Restaurant
Healthcare
Processing
Hotel / motel
Office
Research & development
Fire house
Police station
Post office
Historical weather
Orlando, FL • 32809
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Sun exposure
In this area, properties receive around 8.6 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
8.6 hrs
6.8 hrs
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Provided by Shadowmap
Redfin Estimate for 840 W Oak Ridge Rd
$299,656
$30K under list price of $330K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $230K to $360K.