3216 Lake Mary BlvdLake Mary, FL 32746

Property Details for 3216 Lake Mary Blvd

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

0.02 AC

Property size (Sq ft)

1,026 SF

Property type

Office properties

Property subtype

Other office properties

APN

08-20-30-512-0600-00A0

APU

082030512060000A0

Description

This exceptional Class A office condo, located at 3216 West Lake Mary Blvd in Lake Mary, Florida (32746), presents a unique owner-user or investment opportunity. Boasting 3,936 square feet, this single-story building features a highly efficient interior layout suitable for general office or medical uses. The property includes eight dedicated parking spaces, a significant advantage in this desirable location. Situated within the Legacy Village Office Park, the condo benefits from excellent visibility and signage opportunities on Lake Mary Boulevard, which boasts an impressive 23,500 AADT. Its prime location is just west of Longwood Lake Mary Road and directly across from the new Griffin Farm mixed-use complex, ensuring high traffic and exposure. Recent improvements include a new roof installed in 2023. The asking price is $1,149,000, translating to $291.92 per square foot. Furniture is available for inclusion in the sale. This multi-tenant building offers a strong return on investment and is an ideal choice for businesses seeking a prestigious and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $174,646

  6.5%

  $161,212

  7%

  $149,697

• Comparable approach

  Method

  Valuation

  Relative Method

  $114,532

  Geo Method

  $114,532

• Alternative Use

  Use

  Valuation

  Residential

  $199,903

  Hospitality

  $183,110

  Educational

  $152,345

  Medical

  $157,585

  Retail

  $236,982

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7568

Longitude

-81.3349

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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