663 Us Highway 17 92Longwood, FL 32750

Property Details for 663 Us Highway 17 92

Year built

1960

Construction

CONCRETE BLOCKS

Lot size

0.35 AC

Property size (Sq ft)

1,100 SF

Property type

Office properties

Property subtype

Office buildings

APN

33-20-30-505-0000-013A

APU

3320305050000013A

Description

This prime commercial property, located at 663 N US Hwy 17-92 in Longwood, Florida, presents a unique investment opportunity. The 1,100 square foot building sits on a 0.27-acre lot and is zoned C-3, offering versatility for various uses including retail, office, or service businesses. Built in 1960, the property boasts excellent visibility due to its location on US Highway 17-92, ensuring high daily traffic exposure. The ample parking with 20 spaces caters to both customers and employees. Its strategic location provides easy access to major roadways like I-4 and SR-434, facilitating convenient commutes to Orlando and surrounding areas. Currently vacant, this property is ready for immediate occupancy and presents a blank canvas for a new business venture or an expansion opportunity. The asking price is $1,400,000. The property consists of one building and one unit. The Seminole County location and convenient access to major thoroughfares make this a highly desirable commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $187,243

  6.5%

  $172,839

  7%

  $160,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $122,793

  Geo Method

  $122,793

• Alternative Use

  Use

  Valuation

  Residential

  $214,321

  Hospitality

  $196,317

  Educational

  $163,333

  Medical

  $168,950

  Retail

  $254,074

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.7085

Longitude

-81.3259

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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