Tuesday, March 12, 2019

Lakefront Land Near Baldwin Park is Prime for a New Downtown Area Infill Project


ORLANDO --- Lakefront property off Bumby Avenue in Orlando is now being marketed to buyers, five adjoining parcels with potential as a valuable urban infill project, by Stirling International Real Estate.  Stirling Broker of Record Roger Soderstrom Jr. said he anticipates significant interest in the property in part because of the rising scarcity of infill sites near downtown Orlando.

Bumby Ave. aerial site plan
The five parcels are individually owned but Stirling, based in Orlando’s Thornton Park, is marketing them as a prime lakefront package deal with the option of individual parcel sales.

All are oversized lots with up to 100 feet of frontage along Lake Druid, in Audubon Park. The property is just southwest of Orlando’s upscale Baldwin Park new urbanist community.

Stirling International agent Sandy Thompson is handling the exclusive marketing arrangement for the project. No firm sales price has been established as offers are being entertained from a range of potential buyers, including national builders and small developers as well as investors.  “Builders could create some really nice plans for this,” Soderstrom said.

Infill projects are a favored tool of urban planners to foster wise land use in downtown areas where demand is strong and utilities and public services are available.  

Bumby Avenue is a historic north-south street that bisects downtown Orlando, just east of Orange Avenue. The street was named for a pioneering Orlando family dating back to the 1800s.
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