Gregory W. Allen, deputy director, Habitat-Orlando, tells GlobeSt.com the estimated value of the land is $100,000 to $150,000. The lots average 50 feet by 100 feet.
Single-family, duplex and possibly triplex units could be built on the lots, area brokers say, although Habitat's track record has been largely with single-family units. The 10 lots will probably comprise a single new subdivision, brokers say.
Merrill Lynch had purchased a large portion of loans on the properties from Metro Savings in 1997. The donation comes as the Thanksgiving holiday period approaches and follows the tragic terrorist events in New York and Washington, DC.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
