539 Lake Ave
Maitland, FL 32751 Lake Maitland

539 Lake Ave Maitland is being sold as a land parcel with a
 residential building. The land lot is  .79 acres. The property is in
 historic Maitland. The buyer can potentially subdivide the property
 into three lots. The property is zoned RSF-2. Next door, directly to
 the east of the subject property are several single-family residential
 properties that sit on 9,000 sf lots. As a quick reference, those
 addresses are 1 Barnard Ct Maitland FL, 3 Barnard Ct Maitland FL,
 5 Barnard Ct Maitland FL. Those structures average 1,700 sf as
 one story properties. A developer should try to do two story
 structures to maximize the lot.
 The buyer/developer will benefit from not having to carry all of the
 debt on the property because there is a tenant occupying the
 property. They are paying $1900/month. The seller is also willing to
 hold a note on the property for $300,000 down and competitive
 interest rate and amortization terms.

This property is located in historic Maitland. It is walking distance to
 restaurants and stores on Orlando Ave. Peach Valley Cafe is a
 short walk away. I-4 is one mile away or a 3 minute drive.
 There are few  less than 1 acre parcels that come available in the Maitland
 area. Fields BMW is 1.7 miles away. Home Depot is also a short
 distance from the subject property.