851 State Road 434Longwood, FL 32750

Property Details for 851 State Road 434

Year built

1984

Construction

CONCRETE

Lot size

4.95 AC

Property size (Sq ft)

57,600 SF

Property type

Retail properties

Property subtype

Community centers

APN

32-20-30-510-0200-0000

APU

32203051002000000

Description

This exceptional 61,200 square foot retail center, located at 851 E State Rd 434 in Longwood, Florida (zip code 32750), presents a unique investment opportunity. The single-story building offers multiple tenancy options, with spaces ranging from a minimum of 900 square feet to a maximum of 5,400 square feet, ideal for a variety of retail uses including restaurants and gyms. Boasting 246 parking spaces, the center enjoys a highly visible location on East State Road 434, experiencing a daily traffic count exceeding 23,000 vehicles. Its strategic position provides excellent accessibility, situated less than four miles from I-4 and near major roadways such as US 17-92 and Ronald Reagan Boulevard, ensuring convenient access for customers throughout Central Florida. The property is zoned for Longwood Boulevard East and benefits from its proximity to established businesses like Truist Bank, First Baptist Church of Longwood, and AutoZone Auto Parts, creating a strong synergy within the immediate vicinity. This well-located retail center offers significant potential for growth and profitability in the thriving Orlando submarket. The property is classified under the Longwood Boulevard East zoning designation.

• CAP approach

  CAP return

  Valuation

  6%

  $14,412,919

  6.5%

  $13,304,233

  7%

  $12,353,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,203,318

  Geo Method

  $16,203,318

• Alternative Use

  Use

  Valuation

  Residential

  $11,222,618

  Hospitality

  $10,279,858

  Educational

  $8,552,721

  Medical

  $8,846,862

  Retail

  $13,304,233

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6988

Longitude

-81.3325

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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