The U.S. 441 North and Lee Road asset in northwest Orlando is conservatively valued at about $5 million or $50,000 per acre, commercial appraisers tell GlobeSt.com. A review committee is preparing a short list of finalists for city council study in September.
The bidders are the YMCA, Edgewater High School, Freedom Ride of Winter Park, Canon Equine Inc. of Heathrow and Heidi Erickson, an alternate on the U.S. Olympic dressage team in 1998.
The city is reserving the western half of the track for green space and sports activities.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.