Balmoral Condominium Development Land

This property is situated in a prime location right on the west side of Haines City and inside the city limits. It's located right off US Highway 27, which enjoys an approximate 56,000 ± cars per day. Just 1 ± mile away is an intersection between US Highway 27 and US Highway 17-92 W, which sees around 34,000 ± cars per day. The subject property is located in an abundant housing community area. Local communities include Royal Palm Village, Estates at Lake Hammock, Hidden Cove Retirement Community, Sweetwater Community, and others. The subject also enjoys several retailers nearby, which include Publix, Walmart, Winn-Dixie, Aldi, Bealls, McDonalds, Wendy's, Subway, Denny's, and many others within a 4 ± mile radius.Prime multifamily development opportunity in Haines City right off US Highway 27. This is the last phase of Balmoral Resort Community. Currently in Balmoral are 24 townhomes and 201 single family homes. There are lots for 11 more single family homes. This phase is a condominium development for 184 condos. Balmoral has fantastic amenities which include a water park, hotel, clubhouse, mini golf course, sand volleyball court, and various other small parks. This property is shovel ready for development with a lot already done and in place. This condominium site is currently the sports fields for the Balmoral Community. The seller will remove all sports turf, bleachers, lights, etc. The locker room facility will remain and become a clubhouse for the condominiums. The motor on the lift station and the piping for the water and sewer will all need to be upsized. Total development cost estimate is about $1.8M (less than $10K per condo unit).