323 Ronald Reagan BlvdLongwood, FL 32750

Property Details for 323 Ronald Reagan Blvd

Year built

1925

Construction

CONCRETE

Lot size

0.63 AC

Property size (Sq ft)

124 SF

Property type

Retail properties

Property subtype

Retail space

APN

31-20-30-5AU-0000-0010

APU

3120305AU00000010

Description

This exceptional mixed-use property, located at 323 N Ronald Reagan Blvd in Longwood, Florida, presents a unique investment opportunity. Priced at $3,200,000, this 7,101 square foot building sits on a substantial 32,696 square foot lot, offering significant frontage on the high-traffic Ronald Reagan Blvd (CR 427). The property serves as a gateway to Historic Longwood, benefiting from high visibility and a lighted intersection. Originally built in 1925 and renovated in 2020, the building is zoned High-Intensity TVN, allowing for a variety of redevelopment options. The current structure is significantly underdeveloped, presenting opportunities for expanded retail and restaurant space, with potential for additional residential units. This prime location within the Longwood Historic Center offers easy access to amenities including the Longwood SunRail Station, South Seminole Hospital, and Reiter Park, as well as police and fire stations. The city supports tasteful redevelopment, making this a compelling prospect for investors seeking a high-impact project in a thriving community. This is a rare chance to acquire a landmark property with significant upside potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $31,028

  6.5%

  $28,641

  7%

  $26,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,882

  Geo Method

  $34,882

• Alternative Use

  Use

  Valuation

  Residential

  $24,160

  Hospitality

  $22,130

  Educational

  $18,412

  Medical

  $19,045

  Retail

  $28,641

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.7005

Longitude

-81.3461

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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