Fields Motorcars Scoops Up Two Acres for Expansion

ORLANDO-John Mantione, general manager of Fields Motorcars of Florida Inc., knows a bargain when he sees one. And when he spotted two acres for sale near his existing showroom and dealership in Orlando Central Park, he moved quickly on the acquisition, even though the dealership won’t be needing the dirt for several years.

Fields Motorcars in suburban Winter Park, FL, one of the largest BMW dealerships in Florida, paid Orlando Central Park Inc. $827,540 or $413,770 per acre for the tract at John Young Parkway and Futures Drive in south Orlando. The price equates to $9.49 per sf, two dollars less than the $11.48 per-sf ($500,000) Fields paid for one acre in OCP’s SouthPark section three years ago.

Area brokers tell GlobeSt.com the deal is an indication of where land prices are going in metro Orlando. “This was a great opportunity for us to buy and bank land for the future,” Mantione says.