About Walnut Street
**Price Update: $198,000 for Expansive 1.54-Acre Land in Poinciana Village 5, Kissimmee, FL**
Step into a world of opportunity with this competitively priced 1.54-acre prime land parcel in the lively Poinciana Village 5 NBHD 1, Kissimmee, FL 34759. Now available for $198,000, this expansive property, covering approximately 66,995 square feet, opens the door to limitless possibilities for commercial and residential developments within a burgeoning community.
Encased in a tranquil, natural setting, this virgin forest land beckons the innovative spirit of developers. With the benefit of dual-zoning, it's an ideal canvas for a diverse range of projects from vibrant retail spaces to serene residential communities. The potential for residential development is especially appealing, given the nearby average home price of $314,870 in 2022.
Located at the strategic junction of Walnut Street and Amiens Road, the property offers excellent visibility and ease of access, crucial for successful commercial projects. Access to essential utilities such as electricity, water, and cable is already in place, paving the way for a smooth development process.
The area's demographic forecast is optimistic, with a one-mile radius home to 8,350 people and a median household income of about $46,082. Expand to a five-mile radius, and the population jumps to 61,280, with median incomes rising to approximately $51,639. An anticipated increase in occupied housing units by 2026 underscores a market poised for growth and increasing prosperity.
Proximity to educational institutions like Chestnut Elementary, Discovery Intermediate School, and Liberty High School enhances the location's attractiveness to families looking to plant their roots in this vibrant area.
