ORLANDO - Colliers International Central Florida announced the $3.7 million sale of a 4.36-acre land parcel at the northwest corner of West Colonial Drive and Orange Avenue, just outside of downtown Orlando.
Susan Morris and Kane Morris-Webster, CCIM, of Colliers International Central Florida, represented the seller, CRM Florida Properties LLC. Pollack Partners purchased the mixed-use property at what equated to approximately $850,000 per acre.
This is Morris and Morris-Webster’s second land sale for user /new development in the past three months.
“This sale shows that there are opportunities out there that warrant new development, when the location is right,” said Morris. “Moving from speculators to selling to end-users and new development means we have a clear signal that things are improving. It is great to see land values approaching $1 million per acre in uptown
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