2590 State Road 434Longwood, FL 32714

Property Details for 2590 State Road 434

Year built

1961

Construction

CONCRETE BLOCKS

Lot size

0.63 AC

Property size (Sq ft)

960 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

03-21-29-505-0X00-0140

APU

0321295050X000140

Description

This exceptional 0.63-acre commercial property in Seminole County, Florida, presents a compelling redevelopment opportunity. Located at 2590 W State Rd 434 in Altamonte Springs (zip code 32714), this property boasts a highly desirable C-2 zoning designation, allowing for a wide range of uses. The existing single-story, 1961-built structure features four vehicle repair bays and one hydraulic lift, currently occupied by a used car dealership with over 30 years in business and nearly 20 years at this location. The property offers over 150 feet of frontage on West State Road 434, a major thoroughfare with over 60,000 AADT (average annual daily traffic), and convenient ingress and egress points for both east and westbound traffic. The location is strategically positioned near affluent residential areas including Longwood, Altamonte Springs, Markham Woods Road, Heathrow, and Lake Mary. Potential redevelopment options are numerous and include, but are not limited to, medical offices, professional offices, showrooms, veterinary clinics, and daycare centers. The property includes 85 parking spaces. The asking price is $895,000. Potential buyers are responsible for conducting their own environmental assessments

• CAP approach

  CAP return

  Valuation

  6%

  $240,215

  6.5%

  $221,737

  7%

  $205,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,055

  Geo Method

  $270,055

• Alternative Use

  Use

  Valuation

  Residential

  $187,044

  Hospitality

  $171,331

  Educational

  $142,545

  Medical

  $147,448

  Retail

  $221,737

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6877

Longitude

-81.4087

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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