815 State Road 434Longwood, FL 32750

Property Details for 815 State Road 434

Year built

2004

Construction

CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

3,197 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

31-20-30-300-031C-0000

APU

312030300031C0000

Description

This 3,197 square foot vacant former Wendy's restaurant presents a unique investment opportunity in Longwood, Florida. The property boasts a convenient drive-thru, situated on 0.85 acres of land with 31 parking spaces. Its Gateway Commercial zoning allows for a variety of potential uses. The building is fully vacant and available October 1st, 2024. Benefitting from excellent visibility and signage along Highway 434, this location enjoys approximately 49,000 vehicles passing daily. Strong demographics and convenient access via both front and rear ingress/egress points further enhance its appeal. The property's strategic location is just 0.25 miles west of Orlando Health South Seminole Hospital (employing 600 people) and 1.9 miles east of I-4, ensuring high traffic volume and visibility. Join established neighbors such as Winn-Dixie, McDonald's, Chipotle, Dunkin', and Tire Kingdom. This is a rare chance to acquire a well-positioned restaurant space in a stable and thriving area of Seminole County. The property's size, location, and existing infrastructure make it an ideal candidate for redevelopment or repurposing.

• CAP approach

  CAP return

  Valuation

  6%

  $799,967

  6.5%

  $738,431

  7%

  $685,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $899,340

  Geo Method

  $899,340

• Alternative Use

  Use

  Valuation

  Residential

  $622,894

  Hospitality

  $570,568

  Educational

  $474,706

  Medical

  $491,032

  Retail

  $738,431

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6982

Longitude

-81.3594

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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