Orlando nephrologist Dr. Bao Huynh paid $2.4 million for one of the last vacant commercial parcels on the U.S. 27 corridor between ChampionsGate and U.S. 192 in Davenport and plans to subdivide the land to develop a medical office park.
Previously part of the outparcels of the Wellington short-term rental subdivision, the 10-acre site at the northwest corner of U.S. 27 and Jacks Road is vacant and was fully permitted for another project in 2009 that was never built. Jason Toll, Senior VP of NAI Realvest represented the seller in the November transaction.
“There is tremendous growth in that area,” Toll told GrowthSpotter. “When you have growth like that in a small area, it’s pushing and you need services. … This is an ideal location for medical office space, as it is surrounded by both single family and vacation homes.”
Huynh through his development company, Lost Lake Medical Building, has worked on similar projects in Polk County, including one in Haines City with 5,000 square foot buildings. He also completed a medical office building in Clermont on Hancock Road.
“This guy in my opinion is reinventing the wheel, replicating this concept,” Toll said. “Five parcels — that way he can sell the buildings. All interconnected. It’s quite clever.”
A proposed site plan by Bartow-based Sloan Engineering Group submitted to Polk County shows 7 lots: end lots of 1.79 acres and 1.62 acres with interior lots of 1.31 acres. Huynh plans to construct one building for sale or lease on each lot.
Adjacent to the Publix-anchored Berry Town Center, the land was approved for a 9-lot commercial project designed by Lakeland-based Ridge Professional Group.
“The original developer of the Wellington came up with a concept that was fully permitted and never pulled the trigger on it,” Toll said.
Wellington is a 165 unit short-term rental community that was completed in the mid 1990s. Just north of the Hunyh’s proposed commercial site, Orlando-based GPK Real Estate Investment and Development is planning a mixed-use community with apartments and commercial space in each building on nearly 10 acres at the southwest corner of Legacy Park Boulevard and U.S. 27.