1065 Broadway StOviedo, FL 32765

Property Details for 1065 Broadway St

Year built

2001

Lot size

0.58 AC

Property size (Sq ft)

4,400 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This Oviedo, Florida retail center presents a compelling value-add investment opportunity. Located at 1065 E Broadway St, this single-story, 4,400 square foot building boasts five (5) 100% occupied suites, each approximately 880 square feet, offering flexibility for various tenant needs. Built in 2001 and renovated in 2024, the property features a new roof and updated HVAC systems, minimizing maintenance concerns. The property sits on a 0.58-acre lot and is zoned C-2. Currently generating a strong NOI of $78,549 with a 5.61% cap rate, the investment benefits from short-term month-to-month leases with built-in 5% annual rent bumps and 90-day termination clauses, providing both income stability and operational flexibility. The asking price is $1,400,000, representing a fee simple ownership opportunity. Strong demographics in the area, with an average household income within a 5-mile radius of $111,116, further enhance the investment potential. This property is an ideal choice for investors seeking a well-maintained, income-producing asset with significant upside potential.

Location Insight

City

Oviedo

County

Seminole

State

Florida

Latitude

28.6703

Longitude

-81.1897

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