4553 Irlo Bronson Memorial Hwy - Fully Permitted 159-Unit Multifamily Site 5.22 Acres of Residential Land Offered at $5,500,000 in Kissimmee, FL 34746

Prime, Fully Permitted Multifamily Development Along the US-192 Growth Corridor

GoCommercial is pleased to offer an outstanding opportunity to acquire a fully entitled, shovel-ready multifamily development in the heart of Osceola County’s thriving US-192 corridor. This rare offering includes full site plan approvals and permits for 159 market-rate rental units with no affordable or workforce housing restrictions, allowing for complete flexibility in lease-up and operations.

Strategically located just 8 miles from Walt Disney World and 19 miles from Orlando International Airport, the site sits along a high-visibility stretch of W. Irlo Bronson Memorial Highway, which sees more than 56,500 vehicles per day. Surrounded by national retailers, major employers, and growing residential neighborhoods, the location provides strong long-term demand fundamentals and exceptional connectivity for future residents.

The development spans 5.22 acres across two connected tax parcels, linked by a recorded access easement. The site is engineered for efficient 5-over-1 podium construction (five stories of wood-frame over a concrete parking structure), maximizing density and construction efficiency. The rear parcel is dedicated to vertical construction, while the front parcel is thoughtfully designed for stormwater retention, monument signage, landscaping enhancements, and a planned LYNX bus stop, offering key frontage and transit access.

Zoned Commercial Tourist (CT), the property allows for versatile development strategies, including potential future conversion to hospitality, senior housing, adult living, or other specialized residential formats. Delivered with full civil approvals and construction permits in place, the site is ready for a pre-construction meeting with the County. Final developers will be responsible for completing architectural and MEP design during the sitework phase.

All wetland mitigation credits have been paid, registered, and approved by SFWMD, with no additional off-site requirements. Construction can commence immediately upon scheduling the pre-con meeting.

Zoning & CRA Benefits

Zoned Commercial Tourist (CT), the site allows potential future conversion to hospitality or alternative residential formats. The property also falls within the West 192 Community Redevelopment Area (CRA), which supports high design standards for future development and may offer Tax Increment Financing (TIF) and grant opportunities for vertical improvements and public-facing design enhancements.

Exceptional Growth & Resilient Rental Demand

This property is located in one of Central Florida’s most dynamic submarkets, where the Orlando metro continues its rapid southward expansion into Osceola County. The region is expected to see over 20% population growth by 2029, driven by a booming local economy anchored by Walt Disney World, Universal Studios, and a thriving tourism and service sector.

Within a 5-mile radius, the population already exceeds 190,000 residents, with a 14% growth since 2020 and 55% renter occupancy, fueling sustained demand for quality multifamily housing. Rent comps reflect strong absorption and upward pressure on rates, with limited new supply reinforcing long-term value.

This project’s fully permitted status and premium location position it to capitalize on exceptional market fundamentals—offering developers the rare chance to deliver new product into a constrained pipeline with immediate leasing potential and long-term investment security.

Contact GoCommercial today for full underwriting, permitting documents, and access to all DD materials.

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