Under contract-accepting backup offers. Excellent residential development opportunity in Altamonte Springs. This 3.342 acre parcel is zoned A-1 (Agricultural) for agricultural use, which permits low-density residential for SFR development. However, the Future Land Use designates the subject as HDR (High Density Residential), which permits apartments. Apartment densities for two-story product typically range from around 12 to 15 units per acre – the density for three-story apartment product is higher at around 16 to 20 units per acre. Townhouses have lower densities from around 6 to 12 units per acre.