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1531 E Osceola Pkwy
Kissimmee, FL 34744

Land for Development @ Gateway Station · Land For Sale · 2.50 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 2.50 AC

Description

The asset is immediately adjacent to the new Sunrail station and is surrounded by the numerous short, mid, and long term projects in conjunction with Tupperware Headquarters and spurred by the Tupperware Headquarters projects. The newest completed retail project is The Crosslands East of the traditional main node of The LOOP, and the market movement is also shifting in this direction—towards out center/intersection and towards Tupperware/Sunrail. And our center is located at highest traffic area of E Osceola Parkway given its intersection with Florida’s Turnpike. This is a Kissimmee, FL WalMart shadow anchored center nearby the A+ center(s) in the market but at a value price point comparatively as newly renovated site that is the value provider to LOOP/Crosslands. Please note that Sunrail station is complete with the station immediately adjacent to our site which is spurring significant additional development in the area. There is a ton of activity in this market and right at this intersection that would bring more foot traffic to the area and more customers directly to this store location. Some additional considerations: • An Orlando Health medical facility will be coming to the corner of Orange Avenue and Osceola Parkway. It will be a three-story, 60,000-square-foot emergency room and medical pavilion. Construction is nearly complete. The medical facility is part of a burgeoning transit-oriented district shaping up around the SunRail station. • SunRail Osceola TOD: Eastwind Development is planning a two-phase, market-rate, 350-unit apartment complex across the street from the SunRail stop on the Osceola County side. The complex, estimated at about $52 million-$53 million, will feature six four-story mid-rises with elevators and detached garages, as well as a separate clubhouse. Interior amenities will include stainless steel appliances, upgraded light fixtures, nine-foot ceilings and a mix of wood-plank, tile and carpeted floors. The first phase will include 238 units. • SunRail Senior: The developer is building a $32 million, 200-unit, age-restricted apartment community on the north side of the county line. Though it’s still early in the planning stages, it may include a large clubhouse, community room, concierge services, bike storage and repair, a pet salon, fitness center and separate yoga room, as well as a dining area with a warming kitchen. Amenities would include a pool and deck area along with a courtyard with a Zen garden, fountains, benches, pergola and putting green. • There are also an array of projects coming on line nearby but not at our immediate intersection such as – Hampton Inn, an assisted living and memory care facility, a new multi-story mixed-use building one south side of Osceola Parkway, and a $30 million assisted living facility by Providence One, Vernazza a 256-unit "high-end" apartment complex on John Young Parkway, just south of Osceola Parkway, +/- 200 unit Osceola Pointe Apartments. • Loop South mixed use development is now under way as well including a 320-unit apartment complex! This center is at a great location for traffic flow as it is right off of Florida’s Turnpike, located East of the best retail intersection within the market, and is closer to the dense and growing households than other retail in this node. This center is a well-positioned WalMart Supercenter shadow anchored deal in a dense market with approximately 240,000 people in a 5 mile radius. The intersection is the busiest part of Osceola Parkway with nearly 75,000 vehicles per day. Additionally, the center fronts Florida’s Turnpike with about 70,000 vehicles per day and Michigan Ave with 30,000 vehicles per day actually dead ends into the center from the South at our main entrance. As an added benefit, the center is only one mile from Orange Blossom Trail with 35,000 vehicles per day—an intersection that is home to The Crosslands, the newest and best power center in the area in this fast growing retail node that includes The Loop, Loop West, and Loop South.

  • Listing ID: 20354054

  • Date on Market: 7/21/2020

  • Last Updated:

  • Address: 1531 E Osceola Pkwy, Kissimmee, FL 34744

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