24400 State Road 44Eustis, FL 32736

Property Details for 24400 State Road 44

Year built

2015

Construction

CONCRETE BLOCKS

Lot size

10.47 AC

Property size (Sq ft)

55,412 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

12-19-27-1900-00C-00000

APU

121927190000C00000

Description

This exceptional retail investment opportunity comprises 46,656 square feet of outparcels situated on a 0.65-acre lot at the prime corner of State Road 44 and County Road 437 in Eustis, Florida (zip code 32736). Built in 2015, the property benefits from its location in a rapidly growing area of Lake County, boasting excellent visibility and accessibility. The shopping center is currently 100% leased, providing immediate income potential. The outparcels are ideally suited for a variety of uses, including a bank, fast-food restaurant, or specialty retail establishment. This strategic location offers unparalleled convenience, being just half a mile from the prestigious Eagle Dunes Golf Club and its residential community, and only three miles from the renowned Red Tail Golf Club and its residential community. The surrounding area features a well-regarded hospital, updated parks and recreation areas, and numerous new restaurants, reflecting the ongoing positive development within Eustis and its environs. This presents a rare chance to acquire a high-performing retail property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $13,865,428

  6.5%

  $12,798,857

  7%

  $11,884,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,587,817

  Geo Method

  $15,587,817

• Alternative Use

  Use

  Valuation

  Residential

  $10,796,314

  Hospitality

  $9,889,366

  Educational

  $8,227,836

  Medical

  $8,510,804

  Retail

  $12,798,857

Location Insight

City

Eustis

County

Lake

State

Florida

Latitude

28.8505

Longitude

-81.5534

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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