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Fully Permitted 159-Unit Site in the Heart of Kissimmee
Fully Permitted 159-Unit Site in the Heart of Kissimmee
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4553 W Irlo Bronson Memorial HighwayKissimmee, FL, 34746

5.22 acresLot size
Land
$4,950,000
For sale
$5,500,000−$550,000 (10%)
Days on market
358
Listed
Oct 30, 2025
Last reduction
−$250,000
Oct 20, 2026
MLS #O6356560Updated Oct 20, 2026

About this property

RARE FULLY APPROVED AND PERMITTED 159-UNIT MULTIFAMILY SITE | ±5.22 ACRES ON US-192 | 100% MARKET-RATE

A rare opportunity to acquire a fully approved, permitted and construction-ready multifamily development site in the heart of Kissimmee's busiest corridor. The ±5.22-acre assemblage of two parcels at 4553 W Irlo Bronson Memorial Hwy is approved for 159 market-rate rental units in a 6-story mid-rise with structured and surface parking and resort-style amenities. Site permits are issued, positioning a buyer for construction commencement within ±60 days of closing.

SKIP THE ENTITLEMENT RISK: The heavy lifting is done. Zoning, site plan approval, civil engineering, environmental and wetland permitting (SFWMD ERP issued with wetland impacts authorized and mitigation credits already purchased and applied) and site permitting are complete. A buyer saves the time, cost and uncertainty of entitlements, approvals, design, environmental review and permitting, typically 18 to 24 months in Central Florida.

FLEXIBLE ZONING: Commercial Tourist (CT) zoning within the West 192 Redevelopment Area. 100% market-rate with no affordable set-aside required, while preserving optionality for affordable or workforce execution (4% LIHTC, Live Local Act) should a buyer prefer that capital stack.

LOCATION: Direct frontage on US-192 with 56,529+ vehicles per day, minutes from Walt Disney World, Celebration, Old Town and the Osceola Parkway, and roughly 19 miles to Orlando International Airport. The front parcel provides the US-192 entry, monument signage, landscape buffer and stormwater, connected to the main development parcel by a recorded access easement. The required eastbound turn lane is designed to FDOT standards and is permitted with construction. No County performance bond is required.

MARKET: More than 190,000 residents within 5 miles, over 55% renter-occupied households, strong tourism and healthcare employment, and limited supply of entitled multifamily land.

Full plan sets, renderings, third-party reports, fee schedules and pro forma are available in the data room upon execution of a confidentiality agreement. Seller is flexible and will consider all reasonable offers and deal structures.

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Gaby, Property Specialist
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Property details

Property type
Land
Street address
4553 W Irlo Bronson Memorial Highway
City
Kissimmee
State
FL
ZIP code
34746
Faces
West

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDT

Price & sale history

Asking price reduced by $550,000 (10%) since first listed.

EventPrice
Price reducedMLS #O6356560$4,950,000Change: −4.8%−$250,000
Price reducedMLS #O6356560$5,200,000Change: −5.5%−$300,000
Listed for saleMLS #O6356560$5,500,000
History may be incomplete.
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Location

Fully Permitted 159-Unit Site in the Heart of Kissimmee
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