1309 Orange AveEustis, FL 32726

Property Details for 1309 Orange Ave

Year built

2013

Construction

CONCRETE BLOCKS

Lot size

1.21 AC

Property size (Sq ft)

8,505 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

12-19-26-0002-000-16500

APU

121926000200016500

Description

This exceptional 3.3-acre parcel in Eustis, Florida, presents a unique investment opportunity. Located at 1309 E Orange Ave, 32726, this high and dry, mostly cleared and leveled property boasts 150 feet of frontage on East Orange Avenue, the main thoroughfare into historic downtown Eustis, experiencing 10,500 average annual daily traffic. The property also offers 330 feet of frontage on East McDonald Avenue with an additional access point from Magnolia Avenue. Zoned MCR, this versatile site allows for a variety of uses, including commercial, residential (townhomes, multi-family), and mixed-use developments. Residential density is 12 dwelling units per acre, and commercial density is 0.35 FAR. Existing infrastructure includes utilities on-site, a curb cut, and a crosswalk on East Orange Avenue. The property's strategic location is further enhanced by its proximity to existing apartments, offices, and retail establishments, including a Family Dollar. Seller financing is available. This prime location and flexible zoning make this an ideal opportunity for developers and investors seeking a high-impact project in a thriving community near Orlando.

• CAP approach

  CAP return

  Valuation

  6%

  $2,381,748

  6.5%

  $2,198,536

  7%

  $2,041,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,787,095

  Geo Method

  $2,787,095

• Alternative Use

  Use

  Valuation

  Residential

  $1,854,548

  Hospitality

  $1,698,756

  Educational

  $1,413,345

  Medical

  $1,461,952

  Retail

  $2,198,536

Location Insight

City

Eustis

County

Lake

State

Florida

Latitude

28.8534

Longitude

-81.6714

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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