It has come to public knowledge, Triton Realty Group along with Citrus Ridge Real Estate, recently purchased 17 acres of land 6 miles from Disney World.
The total purchase prices was at only $7 million. A pretty good deal, as land near Universal’s Epic Universe Theme Park, is going for about $1 million per acre. We think they might build apartments or a plaza.
The group is heavily invested in creating affordable housing. Recent transactions showed a multi-room building be converted into apartments. Which is why we think they will end up building an apartment complex on this new recently acquired land.
Either case, it is a great investment as it is only 6 miles from Disney. It would be a great investment that can hold value, or they can build housing, then sell the land and building once it’s completed, for a calculated nice return.