1064 Us Highway 17 92Longwood, FL 32750

Property Details for 1064 Us Highway 17 92

Year built

1988

Construction

CONCRETE BLOCKS

Lot size

0.56 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Gas stations

APN

28-20-30-5AS-0A00-0180

APU

2820305AS0A000180

Description

This exceptional investment opportunity presents a thriving gas station and convenience store strategically located on the bustling US Highway 17-92 in Longwood, Florida. The property boasts a substantial 2,400 square feet of retail space situated on a sizable 0.61-acre lot, ensuring ample room for operations and potential expansion. Its prime location on a major highway guarantees high visibility and consistent traffic flow, translating to strong sales and revenue generation. The business enjoys easy access for both customers and delivery vehicles, contributing to efficient operations. Financial performance is underscored by an attractive 8% capitalization rate, indicating a strong return on investment. The property operates under a Net, Net, Net (NNN) lease structure, minimizing the owner's operational responsibilities and maximizing passive income potential. This turnkey operation is ideal for investors seeking a stable, high-performing asset in a desirable location. The asking price for this exceptional business and real estate package is $4,000,000. This presents a rare opportunity to acquire a well-established, high-performing retail business with significant growth potential in a prime Longwood location. The property's size, location, and financial performance make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $600,538

  6.5%

  $554,343

  7%

  $514,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $675,138

  Geo Method

  $675,138

• Alternative Use

  Use

  Valuation

  Residential

  $467,609

  Hospitality

  $428,327

  Educational

  $356,363

  Medical

  $368,619

  Retail

  $554,343

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.7146

Longitude

-81.3251

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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