1230 Commerce Park DrWekiwa Springs, FL 32779

Property Details for 1230 Commerce Park Dr

Year built

1984

Construction

CONCRETE

Lot size

0.80 AC

Property size (Sq ft)

14,718 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

02-21-29-503-0000-0060

APU

2212950300000060

Description

This exceptional three-story office building, totaling 14,718 square feet, presents a remarkable opportunity for businesses seeking a prestigious location in Longwood, Florida. Situated on a 0.79-acre lot, the Class B building boasts a convenient address at 1230 Commerce Park Dr, 32779, offering easy access to SR-434 and I-4. The property features multiple tenancies, allowing for flexibility in space requirements. The building includes elevators for convenient access to all three floors. Its C-2 zoning provides versatility for a range of professional uses. The building's strategic location places it within close proximity to upscale residential areas and other professional office buildings, fostering a thriving business environment. Furthermore, the nearby Longwood Village Shopping Center offers a wealth of amenities, including popular restaurants like Starbucks, 4Rivers Smokehouse, and Bonefish Grill, as well as retail options such as Jos. A. Bank Clothiers. This prime location ensures high visibility and accessibility for your business, attracting clients and employees alike. A sub-lease opportunity of 4,906 square feet is also currently available. The property's APN is 02-21-29-503-0000-0060. This is an ideal opportunity to establish or expand your business in a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,682,801

  6.5%

  $3,399,508

  7%

  $3,156,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,140,285

  Geo Method

  $4,140,285

• Alternative Use

  Use

  Valuation

  Residential

  $2,867,613

  Hospitality

  $2,626,718

  Educational

  $2,185,398

  Medical

  $2,260,558

  Retail

  $3,399,508

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6909

Longitude

-81.3913

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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