1020 Spring Villas PtWinter Springs, FL 32708

Property Details for 1020 Spring Villas Pt

Year built

1989

Construction

CONCRETE BLOCKS

Lot size

0.35 AC

Property size (Sq ft)

1,216 SF

Property type

Office buildings

APN

24-21-30-503-0000-0030

APU

24213050300000030

Description

This exceptional 1,200 square foot office pad, located at 1020 Spring Villas Point in Winter Springs, Florida (zip code 32708), presents a unique opportunity for immediate development. The property, identified by APN 24213050300000030, is zoned C-1 within unincorporated Seminole County and is already entitled for the construction of a 1,200 square foot office building. This significantly reduces the time and cost associated with obtaining necessary permits. The site boasts a convenient location just off Red Bug Lake Road, offering excellent visibility and accessibility. Its proximity to major thoroughfares like Tuskawilla Road, SR 436 (Semoran Blvd), and SR 417 (GreeneWay) ensures easy commutes for employees and clients. The land is "pad ready," meaning that essential infrastructure, including parking and utilities, is already in place. This makes it an ideal location for a variety of professional services, including medical practices and law offices. The asking price for this turnkey opportunity is $150,000. Don't miss this chance to acquire a prime commercial lot in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $284,712

  6.5%

  $262,811

  7%

  $244,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,044

  Geo Method

  $135,742

• Alternative Use

  Use

  Valuation

  Residential

  $325,886

  Hospitality

  $298,510

  Educational

  $248,357

  Medical

  $256,898

  Retail

  $386,332

Location Insight

City

Winter Springs

County

Seminole

State

Florida

Latitude

28.6457

Longitude

-81.2747

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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