Westmoreland Square | Mixed-Use Development Opportunity on Colonial Drive, Near Downtown Orlando

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  • Property City

    Orlando

  • Property State

    Florida

  • Property Zip Code

    32804

  • Cap Rate

  • Property Type

    Investment

  • Property Lot Size

    1.32 Acres

  • Property Building Size

  • Property Available SF

    57,884

INVESTMENT HIGHLIGHTS

Westmoreland Square offers a rare opportunity to acquire a high-density mixed-use development site on Colonial Drive (SR 50), one of Orlando’s primary east-west corridors, just minutes from Downtown Orlando. This highly visible and strategically located site sits near Creative Village and the Parramore redevelopment district—two of the city’s most transformative growth areas—making it ideal for a signature urban infill project.

The proposed development includes a six-story, ±102,497 SF mixed-use building featuring 115 multifamily units and ±6,790 SF of ground-floor retail and restaurant space. The project is designed to capitalize on strong residential demand while activating the street frontage along Colonial Drive with walkable retail, enhancing both tenant experience and long-term asset value.

Positioned in a high-growth corridor with strong traffic counts and connectivity, the site benefits from immediate access to Downtown Orlando, I-4, and key employment and education hubs. The surrounding area continues to see significant public and private investment, supporting long-term appreciation and sustained demand for both multifamily housing and neighborhood-serving retail.

With advanced entitlement work already in place, the project offers a streamlined path to development, reducing risk and accelerating timelines for investors and developers. Opportunities with this level of entitlement progress and location quality are increasingly limited in the Downtown Orlando submarket.

Offered at $2.8M, Westmoreland Square represents a compelling opportunity to deliver a mixed-use asset combining multifamily density and ground-floor retail in one of Orlando’s most active urban corridors.

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Westmoreland Square | Mixed-Use Development Opportunity on Colonial Drive, Near Downtown Orlando

LEAD LISTING AGENT
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Timothy Garito

Principal/Developer


Email:
tim@garitoco.com

Direct:
407-777-9660 x100

Mobile:
407-777-9660

ADDITIONAL LISTING AGENT
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Monica San Pedro

Associate

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