685 Ronald Reagan BlvdLongwood, FL 32750

Property Details for 685 Ronald Reagan Blvd

Year built

2004

Construction

TILT-UP CONCRETE

Lot size

1.12 AC

Property size (Sq ft)

14,705 SF

Property type

Office properties

Property subtype

Office buildings

APN

05-21-30-516-0000-0030

APU

5213051600000030

Description

This exceptional two-story, 14,705-square-foot building in Longwood, Florida, presents a unique investment opportunity. Located at 685 S. Ronald Reagan Blvd, 32750, this 2004-constructed property seamlessly blends executive office space with a fully functional warehouse. The building features 9,505 square feet of office space, meticulously designed to accommodate various business needs. This includes ten separate multi-tenanted electric meters, eight private offices, two large executive suites, a spacious open area perfect for workstations, and ample storage. The second floor boasts a separate entrance and exit, enhancing privacy and convenience. The property also includes two kitchens, eight ADA-compliant restrooms, and two server rooms, ensuring comprehensive functionality. The 5,200-square-foot warehouse is 100% air-conditioned and features a grade-level side bay roll-up door. Built with concrete tilt-wall construction, the building is designed to allow for a potential third-floor addition. The property is fully fire-sprinklered, meets all ADA codes, and includes an elevator for easy access between floors. Ample parking is provided with 48 spaces, including four handicap-accessible spots. This versatile property offers a compelling combination of modern office amenities and efficient warehouse space, making it an ideal investment for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,503,094

  6.5%

  $2,310,548

  7%

  $2,145,509

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,641,519

  Geo Method

  $1,641,519

• Alternative Use

  Use

  Valuation

  Residential

  $2,865,080

  Hospitality

  $2,624,398

  Educational

  $2,183,468

  Medical

  $2,258,561

  Retail

  $3,396,506

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6898

Longitude

-81.3454

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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