For Sale
$300,000

105 Cypress St Kissimmee, FL 34744

Historic District, High NOI, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property, located at 105 E Cypress St in Kissimmee, Florida, presents a compelling investment opportunity. The 1,568 square foot building, constructed in 1948 and extensively renovated in 2023, boasts a prime location in the historic district. Currently operating at 100% occupancy with two tenants – a Caribbean restaurant and a barber shop – this property generates a substantial net operating income (NOI) of $24,000 annually, representing an attractive 8.00% cap rate. The asking price is $300,000, translating to $191.33 per square foot. Recent improvements include a new roof, updated plumbing and electrical systems (including a new electrical panel), fresh exterior paint, and significant interior renovations to both units. The restaurant features new flooring, paint, and a remodeled bathroom, while the barber shop benefits from a newer air conditioning system. Twelve parking spaces are available in a lot across the street. The property is zoned KB2 and operates under a triple-net (NNN) lease structure. This turnkey investment offers a rare blend of historical charm and modern upgrades, promising strong returns for the discerning investor. The property's strong tenancy and high occupancy rate make it an ideal addition to any portfolio.

Highlights

  • 1,568 SF mixed-use building in Kissimmee's historic district, fully renovated in 2023.
  • 100% occupancy with a Caribbean restaurant and barber shop, generating $24,000 annual NOI and an 8% cap rate.
  • Asking price: $300,000 ($191.33/SF).
  • Recent renovations include a new roof, updated plumbing and electrical systems, exterior paint, and interior upgrades to both units.
  • Twelve parking spaces available across the street; NNN leases; KB2 zoning.

Property Details for 105 Cypress St

Property type
Retail properties, Restaurants
Square Feet
1,568 SF
Year Built/Renovated
1948/2023

Location Insight

City
Kissimmee
County
Osceola
State
Florida
Latitude
28.305859
Longitude
-81.402764

FAQs

What type of property is this?
Retail property - Historic District, High NOI, 100% Occupied
Where is the retail property located?
The property is located at 105 Cypress St Kissimmee, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,568 SF mixed-use building in Kissimmee's historic district, fully renovated in 2023.; 100% occupancy with a Caribbean restaurant and barber shop, generating $24,000 annual NOI and an 8% cap rate.; Asking price: $300,000 ($191.33/SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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105 Cypress St
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