351 Ronald Reagan BlvdLongwood, FL 32750

Property Details for 351 Ronald Reagan Blvd

Year built

1972

Construction

CONCRETE BLOCKS

Lot size

1.53 AC

Property size (Sq ft)

10,057 SF

Property type

Retail properties

Property subtype

Strip malls

APN

31-20-30-5AU-0000-1710

APU

3120305AU00001710

Description

This exceptional Class A, single-story shopping center, located at 351 N Ronald Reagan Boulevard in Longwood, Florida (zip code 32750), presents a compelling investment opportunity. The 19,877 square foot property boasts a strong 8.19% capitalization rate, generating a net operating income (NOI) of $466,637. Currently 100% occupied by nine diverse tenants across various sectors, including retail, dining, entertainment, and health services, this multi-tenant retail center offers a stable and consistent income stream. Situated in Seminole County, this property benefits from its strategic location adjacent to an Orlando SunRail station, ensuring high visibility and foot traffic. The asking price is $5,700,000, making it an attractive proposition for investors seeking a well-positioned, fully leased asset in a rapidly developing area of Florida. The property is offered as a Triple Net (NNN) lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,516,506

  6.5%

  $2,322,928

  7%

  $2,157,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,829,110

  Geo Method

  $2,829,110

• Alternative Use

  Use

  Valuation

  Residential

  $1,959,477

  Hospitality

  $1,794,870

  Educational

  $1,493,311

  Medical

  $1,544,668

  Retail

  $2,322,928

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.7016

Longitude

-81.3457

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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