Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-The 80-acre Orlando Country Airport in suburban Plymouth, FL, 20 miles from Downtown Orlando, is up for sale at an undisclosed asking price. The dirt could potentially become the area’s first major shopping mall, area brokers familiar with the northwest Orange County submarket tell GlobeSt.com.

Representatives of the landowner, including Ron Miller, couldn’t be reached at GlobeSt.com’s publication deadline. Butarea brokers who have done deals near Plymouth recently tell GlobeSt.com on condition of anonymity the asking price should be no more than $2 per sf or about $87,120 per acre.

That would place the total asking price at about $7 million.

“I doubt very seriously if that number will ever be attained,” a land specialist at a name brokerage tells GlobeSt.com. “It probably will be in the $1 or $1.10 range.”

Brokers tell GlobeSt.com that while the 80 acres could have long-range potential as a key retail or commercial product, there is no dense residential nearby to sustain such development immediately. Miller bought the property three years ago for an undisclosed price. The airport is a popular venue for area aviation enthusiasts but hasn’t been a steady revenue producer for the owner, Plymouth business sources familiar with the airport’s operations tell GlobeSt.com.

“Although I know the area, I haven’t done any deals there for awhile, but in a market where retail product is limited, I should think this parcel has potential with the right rezoning and resources,” Dean Fritchen, senior associate at Arvida Commercial Real Estate Commercial Division, Winter Park, FL, tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.