For Sale
$1,799,000

1879-1887 Lee RdWinter Park, FL 32789

High-end, renovated, 5-unit office building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story, 5,242 square foot commercial building is situated on a 0.31-acre lot in desirable Winter Park, Florida, at 1879-1887 Lee Rd, 32789. Completely renovated in 2024, the property boasts high-quality finishes including a new roof, windows, doors, French sliding doors, pavers, bathrooms, paint, luxurious tile flooring, and modern recessed lighting. Each of the five units features private entries and exclusive outdoor patios. Ample parking is available with 17 spaces on-site, supplemented by street parking. Monument signage provides excellent visibility. The building offers easy access to Interstate 4, providing convenient access to both Orlando and the Orlando International Airport (OIA). Individually metered utilities and HVAC systems are in place for each unit. The property is currently vacant, with an occupancy date of August 23, 2024. The building's permitted zoning is O-1. Built in 1966, this Class C property offers a strong investment opportunity with a 7.70% cap rate and a Net Operating Income (NOI) of $138,499. The asking price is $1,799,000. The land value is $34.48 per square foot. This is an ideal owner-user opportunity, particularly suited for medical or high-end professional uses. The property is for sale by owner.

Highlights

  • Exceptional Winter Park, FL location.
  • Easy access to I-4, minutes from Downtown Orlando and Orlando International Airport (OIA).
  • Perfect for medical or high-end professional tenants.
  • Completely renovated with high-end finishes, private entries, and outdoor patios.
  • Strong pro forma projecting up to $30/SF NNN rent.
  • Excellent 1031 exchange opportunity.

Property Details for 1879-1887 Lee Rd

Property type
Office properties, Mixed-use properties
Square Feet
5,242 SF
Class
C
Year Built/Renovated
1966/1
Buildings
1
Stories
2
Lot Size (sq. ft)
13,504 SF
Units
5

Location Insight

City
Winter Park
County
FL
State
Florida
Latitude
28.60601362
Longitude
-81.3741353
1879-1887 Lee Rd, Winter Park, Florida

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1879-1887 Lee Rd
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