1115 State Road 436Altamonte Springs, FL 32701
- Retail properties
- 375 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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