Per meeting with the city of Longwood the two parcels are zoned Medium Density Residential meaning you are allowed to build single family homes or multifamily. The city of Longwood allows 10 units per acre and there is over an acre between the three parcels (466 and 458 Palmetto as well as a 17x100 parcel on Magnolia Street; all included in this sale). NEW DEVELOPMENT, per meeting with City of Longwood Public Works there is a city sewer hookup available west of the property at Oak and Magnolia (see attachments for letter from Public Works). This land is surrounded by major development due to the Sunrail Station being a half mile away; there is a large apartment complex being built across from the Sunrail Station, a 55+ Community being built just off Palmetto, and Maronda Homes just sold out their development the next block over. Potential strategies for this property are multiple; buy and hold the land, build a beautiful home, build 8 beautiful single family homes, 10 unit townhome project to sell or hold as rentals...or potentially persuading the city to allow more than 10 units (POTENTIAL 10 TOWNHOME SITE PLAN IN THE ATTACHMENTS...not approved by city but based on city's requirements). There is also a small rental home on the 458 parcel that with minor fix up that can be rented for approx. $700 a month. Parcels included in sale: 1. 31-20-30-5AU-0000-5540 (466 Palmetto) 2. 31-20-30-5AU-0000-5510 (458 Palmetto) 3. 31-20-30-5AU-0000-5520 (no address 17x100 parcel located on Magnolia)
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