1511 International PkwyLake Mary, FL 32746

Property Details for 1511 International Pkwy

Year built

2003

Construction

CONCRETE BLOCKS

Lot size

0.90 AC

Property size (Sq ft)

3,673 SF

Property type

Office properties

Property subtype

Office buildings

APN

06-20-30-300-002P-0000

APU

062030300002P0000

Description

This exceptional 3,600 square foot freestanding building, located at 1511 International Parkway in Lake Mary, Florida (32746), presents a unique investment opportunity. Previously a bank, this property boasts a convenient drive-thru and is situated on a 0.9-acre lot. The building is currently vacant and offers versatile zoning (PD) suitable for a variety of uses, including but not limited to: bank, medical, dental, office, spa, or retail. The asking price is $2,200,000, translating to $611.11 per square foot. The property is offered as an Absolute NNN lease. This location benefits from high traffic counts, with International Parkway seeing 14,000 vehicles daily and CR 46A boasting 31,000 vehicles daily. I-4's high traffic volume of 132,000+ vehicles per day further enhances accessibility. The surrounding area demonstrates strong demographics, with average household incomes within a 3-mile radius exceeding $102,701 and a population exceeding 55,743. Within a 5-mile radius, the average household income is $94,970 and the population surpasses 116,580. The property's proximity to the Marriott Hotel & Conference Center, Park Place at Heathrow Shopping Center, and Park Place offices provides excellent visibility and synergy. This is an ideal opportunity for owner-users or investors seeking a high-traffic, well-located commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $625,220

  6.5%

  $577,126

  7%

  $535,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,017

  Geo Method

  $410,017

• Alternative Use

  Use

  Valuation

  Residential

  $715,637

  Hospitality

  $655,519

  Educational

  $545,384

  Medical

  $564,141

  Retail

  $848,376

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7842

Longitude

-81.3574

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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