204 Sr 436Casselberry, FL 32707

Property Details for 204 Sr 436

Lot size

7.56 AC

Property size (Sq ft)

85,560 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

Exceptional investment opportunity in Casselberry, Florida, featuring an 85,560 square foot shopping center situated on a 7.56-acre lot. Currently occupied by Old Time Pottery, this property boasts 200 feet of frontage on the highly trafficked SR 436 (Semoran Blvd), with an impressive 54,000 AADT. The property's strategic location is only seconds from the intersection of SR 436 and US Hwy 17-92, placing it in close proximity to Oxford Square, a 58,444 square foot shopping center. The asking price is $12,000,000, representing a land value of $140 per square foot. The current lease with Old Time Pottery expires on December 27th, offering potential for significant upside upon lease renewal at market rates, promising a high cash-on-cash return. The property's strong performance is evidenced by a projected Net Operating Income (NOI) of $452,000 in 2024. Beyond the existing structure, there's potential for redevelopment or the addition of retail outparcels, ideal for restaurants or convenience stores. This prime location and substantial size present a compelling opportunity for investors seeking a high-return retail investment in a thriving market. The property is located at 204 SR 436, Casselberry, FL 32707.

Location Insight

City

Casselberry

County

Seminole

State

Florida

Latitude

28.6595

Longitude

-81.3351

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