Active

$499,000

Features:
  • 3 Bedrooms
  • 3 Bathrooms
  • 1408 sq ft
Overview
  • ID: MFRO6378557
  • Bedrooms: 3
  • Bathrooms: 3
  • Size: 1408 sq ft
Property Details
Remarks
**Priced well below appraised value with seller financing available! This property qualifies for a credit through the seller's preferred lender** Prime opportunity in Downtown Orlando at 538 N Parramore Avenue, directly across from Creative Village and positioned within one of the city’s most transformative and forward-thinking districts. This location places you at the center of Orlando’s expanding westward growth corridor, surrounded by new residential, educational, office, and mixed-use development. The existing 1,408 SF building offers flexibility under ORL-I-G / T / PH zoning (Industrial General with Transit and Parramore Heritage overlays). Potential permitted uses may include office, professional services, studio, light industrial, or future redevelopment (buyer to verify intended use with the City of Orlando). Whether you envision repositioning the existing structure or holding for long-term appreciation, the zoning supports a broad range of possibilities. Accessibility is exceptional. The property is just two blocks from Colonial Drive (Hwy 50), moments from Amelia Street, and offers immediate connectivity to I-4, SR-408, and US-441. Its central Downtown Orlando location provides convenient access throughout Central Florida. Creative Village, UCF Downtown, Valencia College Downtown Campus, and major municipal and employment centers are all nearby, reinforcing the area’s continued public and private investment, infrastructure improvements, and measurable urban revitalization. Ideal for an owner-user, investor, or buyer seeking flexibility within a rapidly evolving Downtown Orlando district. Strategically located, well-connected, and positioned within an active growth corridor, 538 N Parramore Avenue presents a rare opportunity to establish a presence in one of Orlando’s most dynamic urban areas. For additional details, zoning verification, or to schedule a private tour, please contact the listing agent.
Financial Considerations
Price:
$499,000
HOA Fee:
N/A
Tax Amount:
$3319
Price per SqFt:
$354.4
Tax Legal Description:
ORANGE GROVE PARK P/11 LOT 10 & N 25 FTOF S 490.7 FT OF E 165 FT OF NW 1/4 OF NW1/4 (LESS STREET) OF SEC 26-22-29
Exterior Features
Lot Size:
10204
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
3
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Other
Furnished:
Yes
Floor:
Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1925
Construction Type:
Other, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Sidewalk
Additional Features 2:
N/A
Map
  • Address
    538 N PARRAMORE AVE
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