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3210 Lake Emma RdLake Mary, FL 32746

92,127 SF Office Building, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 92,127-square-foot office building, situated on 23.3 acres in the prestigious Lake Mary, Florida, offers a compelling value-add investment opportunity. Built in 1996 and renovated between 2014 and 2017, the three-story building features a central core design with existing interior corridors, allowing for flexible space configurations to accommodate a variety of tenant sizes. Currently, the multi-tenant property boasts 35% occupancy with a net operating income (NOI) of $299,388. The property's M-1A zoning permits redevelopment, presenting a significant opportunity for repositioning or new construction. The ample 6.5 parking spaces per 1,000 square feet is a key competitive advantage. Additional features include a building generator ensuring 100% redundancy, and a loading dock with two overhead doors and a convenient truck well design, serviced by a freight elevator. Located in the affluent Lake Mary submarket within the Orlando MSA, the property benefits from a strong demographic profile, with a 3-mile radius boasting an average household income of $147,309 and a population of 54,481. The area's upscale residential neighborhoods, top-rated schools, and abundant corporate amenities, including Topgolf and numerous restaurants and shopping options, create a highly desirable location for businesses and employees. This property presents a unique chance to capitalize on a prime location and strong market fundamentals.

Highlights

  • Prestigious Lake Mary location within the Orlando MSA, a thriving financial and tech hub with upscale housing, top-rated schools, and abundant retail and lodging.
  • Strong demographics with a 3-mile radius average household income of $147,309 and a population of 54,481; Lake Mary is Orlando's top submarket for population growth and housing values.
  • Excellent corporate amenities including Topgolf, numerous restaurants, shopping, and lodging options.
  • Efficient floorplate design offering flexible space for various tenant sizes.
  • Superior parking ratio of 6.5/1,000 spaces.
  • 100% building generator backup for business continuity.

Property Details for 3210 Lake Emma Rd

Property type
Office properties, Land
Square Feet
92,127 SF
Year Built/Renovated
1996/2014
Buildings
1
Stories
3
Lot Size (sq. ft)
1,014,948 SF

Location Insight

City
Lake Mary
County
Seminole
State
Florida
Latitude
28.7453966
Longitude
-81.3607082
3210 Lake Emma Rd, Lake Mary, Florida

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3210 Lake Emma Rd
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