2675 State Road 434Longwood, FL 32779

Property Details for 2675 State Road 434

Year built

1986

Construction

CONCRETE

Lot size

1.28 AC

Property size (Sq ft)

3,295 SF

Property type

Retail properties

Property subtype

Banks

APN

04-21-29-300-003F-0000

APU

042129300003F0000

Description

This exceptional 3,176 square foot retail property, located at 2675 W State Road 434 in Longwood, Florida (zip code 32779), presents a unique investment opportunity. Situated on a 1.28-acre lot in Seminole County, this former bank branch boasts excellent visibility and high traffic counts, with an average daily traffic (ADT) of 30,000 vehicles. The property features ample parking with 20 spaces and a significant advantage: three existing drive-thru lanes. This is a highly desirable asset for businesses requiring convenient customer access. The property is zoned for Office (OP) use, offering flexibility for a variety of commercial ventures. While previously a bank, it's important to note a five-year bank restriction is in place. This prime location on State Road 434 ensures high visibility and accessibility, making it an ideal space for a business seeking a strong presence in a thriving Longwood community. The property's size and features make it suitable for a range of retail or office uses, subject to the existing zoning and restrictions. Serious inquiries are encouraged to explore the potential of this well-positioned commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $824,489

  6.5%

  $761,067

  7%

  $706,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,909

  Geo Method

  $926,909

• Alternative Use

  Use

  Valuation

  Residential

  $641,988

  Hospitality

  $588,058

  Educational

  $489,257

  Medical

  $506,084

  Retail

  $761,067

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6877

Longitude

-81.4132

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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