951 Greenwood BlvdLake Mary, FL 32746

Property Details for 951 Greenwood Blvd

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

1.12 AC

Property size (Sq ft)

5,688 SF

Property type

Turn key restaurants

APN

18-20-30-300-004E-0000

APU

182030300004E0000

Description

This exceptional freestanding restaurant opportunity in Lake Mary, Florida, presents 5,571 square feet of space on a generous 1.12-acre lot. Built in 1987, the property is zoned PUD (Planned Unit Development) and offers a single-tenant occupancy. The building's substantial size provides ample room for a variety of restaurant concepts, from casual dining to upscale establishments. Its location at 951 Greenwood Blvd in Lake Mary, Florida, 32746, ensures high visibility and accessibility for customers. The property's ample land area allows for potential expansion or outdoor seating, enhancing its appeal and functionality. The Seminole County location provides access to a thriving community with a strong demographic profile. The property's APN is 20-30-18-300-004E-0000. This is a rare opportunity to acquire a well-situated, established restaurant space with significant potential for growth and profitability. The property's existing infrastructure provides a solid foundation for a new owner to quickly establish their business. The single-tenant nature of the property simplifies management and allows for focused operations. This turnkey solution offers a significant advantage for restaurateurs seeking a ready-to-occupy location in a desirable market. The property's size and location make it an ideal investment for both established and emerging restaurant brands.

• CAP approach

  CAP return

  Valuation

  6%

  $1,423,276

  6.5%

  $1,313,793

  7%

  $1,219,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,600,078

  Geo Method

  $1,600,078

• Alternative Use

  Use

  Valuation

  Residential

  $1,108,234

  Hospitality

  $1,015,136

  Educational

  $844,581

  Medical

  $873,628

  Retail

  $1,313,793

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7486

Longitude

-81.3579

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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