531 Us Highway 17 92Longwood, FL 32750

  • Retail properties
  • 3,360 SF
For Sale
$1,399,900 View listing

Property Details for 531 Us Highway 17 92

Year built
1973
Construction
CONCRETE BLOCKS
Lot size
0.46 AC
Property size (Sq ft)
3,360 SF
Property type
Retail properties
Property subtype
Retail space
APN
33-20-30-503-0000-018C
APU
3320305030000018C

Description

This exceptional investment opportunity presents a fully occupied, 26-unit retail portfolio situated on a prime 0.5-acre lot in Longwood, Florida, along the bustling US Highway 17-92. The property comprises two buildings: a 3,525 square foot building with 15 retail units and a second building totaling 7,060 square feet, featuring 3 flex spaces and 8 additional retail units. Recent renovations and long-term leases with substantial security deposits ensure a guaranteed income stream from day one. The property boasts a recently resealed parking lot and enjoys a highly desirable location with excellent visibility and accessibility. Financial information, including a rent roll, profit and loss statement, and twelve-month financial data, is readily available for qualified buyers to verify. The seller will lease back a portion of the property long-term, eliminating immediate vacancy concerns. This is a turnkey investment perfect for those seeking a strong return on investment in the thriving Orlando market. Showings are by appointment only to avoid disturbing tenants. All information is deemed accurate but should be independently verified.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $840,754
    6.5%
    $776,080
    7%
    $720,646
  • Comparable approach

    Method
    Valuation
    Relative Method
    $945,194
    Geo Method
    $945,194
  • Alternative Use

    Use
    Valuation
    Residential
    $654,653
    Hospitality
    $599,658
    Educational
    $498,909
    Medical
    $516,067
    Retail
    $776,080
531 Us Highway 17 92, Longwood, Florida

Location Insight

City
Longwood
County
Seminole
State
Florida
Latitude
28.7051
Longitude
-81.326
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,271
-
-
$358,058
-
$251,419
$106,639
$358,058

FAQs

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