1115 State Road 436Altamonte Springs, FL 32701

  • Retail properties
  • 375 SF
For Sale
$1,250,000 View listing

Property Details for 1115 State Road 436

Year built
1979
Construction
CONCRETE BLOCKS
Lot size
0.58 AC
Property size (Sq ft)
375 SF
Property type
Retail properties
Property subtype
Drive through restaurants
APN
17-21-29-501-0D00-019A
APU
1721295010D00019A

Description

This exceptional Class A restaurant property, located at 1115 W State Rd 436 in Altamonte Springs, Florida, presents a compelling investment opportunity. Priced at $1,250,000, this 1,200 square foot standalone building sits on a 0.58-acre lot, offering significant visibility and accessibility. Its strategic location in the bustling Altamonte Springs market ensures high foot traffic and strong potential for success. The property is categorized as a second-generation restaurant, providing a ready-to-use space with existing infrastructure. The asking price translates to $1,041.67 per square foot, reflecting the prime location and the property's inherent value. This turnkey solution is ideal for established restaurant operators seeking a high-visibility location or entrepreneurs looking to launch a new venture. The 0.58-acre lot provides ample space for outdoor seating or potential expansion, further enhancing its appeal. The property's existing infrastructure minimizes upfront investment, allowing for a quicker return on investment. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving market. The property's location in Seminole County, Florida, with a zip code of 32701, offers easy access to major transportation routes and a strong customer base. This is a must-see for any serious investor looking for a profitable restaurant venture in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $93,834
    6.5%
    $86,616
    7%
    $80,429
  • Comparable approach

    Method
    Valuation
    Relative Method
    $105,490
    Geo Method
    $105,490
  • Alternative Use

    Use
    Valuation
    Residential
    $73,064
    Hospitality
    $66,926
    Educational
    $55,682
    Medical
    $57,597
    Retail
    $86,616
1115 State Road 436, Altamonte Springs, Florida

Location Insight

City
Altamonte Springs
County
Seminole
State
Florida
Latitude
28.6666
Longitude
-81.4281
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,363
-
-
$743,877
-
$652,080
$91,797
$743,877

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