901 Douglas AveAltamonte Springs, FL 32714

Property Details for 901 Douglas Ave

Year built

1983

Construction

CONCRETE BLOCKS

Lot size

1.06 AC

Property size (Sq ft)

14,919 SF

Property type

Office properties

Property subtype

Office buildings

APN

01-21-29-5CK-590G-0060

APU

0121295CK590G0060

Description

This exceptional two-story office building, located at 901 Douglas Ave in Altamonte Springs, Florida, presents a unique investment opportunity. Boasting a total of 15,814 square feet on a 1.06-acre lot, this property offers a variety of office spaces to suit diverse needs. The building, constructed in 1983, is zoned for Office/Professional use within Seminole County and is categorized as Traditional, Executive, Medical, and Creative Office space, making it highly adaptable. Multiple tenancies are currently available, ranging from 593 square feet to 2,695 square feet, providing flexibility for businesses of various sizes. The building features ample parking with 67 spaces available for tenants and visitors. While the building does not include elevators, its two-story design offers convenient access. Situated in the Altamonte Springs submarket within the Orlando cluster, this property benefits from a prime location within a thriving business community. The property's versatility and strategic location make it an attractive option for businesses seeking a well-established presence in the Orlando area. This is a rare opportunity to acquire a well-maintained office building with significant potential for growth and return on investment. The property's diverse zoning and adaptable space make it suitable for a wide range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,539,521

  6.5%

  $2,344,173

  7%

  $2,176,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,665,408

  Geo Method

  $1,665,408

• Alternative Use

  Use

  Valuation

  Residential

  $2,906,775

  Hospitality

  $2,662,590

  Educational

  $2,215,244

  Medical

  $2,291,430

  Retail

  $3,445,935

Location Insight

City

Altamonte Springs

County

Seminole

State

Florida

Latitude

28.6807

Longitude

-81.3896

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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