210 Wayman StLongwood, FL 32750

Property Details for 210 Wayman St

Year built

1988

Construction

WOOD FRAME

Lot size

0.00 AC

Property size (Sq ft)

2,000 SF

Property type

Schools

APN

32-20-30-510-0E00-0010

APU

3220305100E000010

Description

This exceptional 2,000 square foot building presents a unique investment opportunity in Longwood, Florida. Situated on a sizable 0.42-acre lot encompassing two parcels, the property offers significant flexibility. Currently configured as a well-maintained former daycare center, it boasts updated mechanical systems. The City of Longwood has granted preliminary approval for conversion into a duplex, envisioning two approximately 1,750 square foot units, each with a two-car garage. This conversion plan allows for substantial expansion potential, maximizing the property's income-generating capabilities. The building's existing structure provides a solid foundation for either a straightforward renovation into a duplex or continued use as a single, larger unit. This versatile property is ideally suited for investors seeking a high-return project with clear development pathways. The location in Longwood offers convenient access to local amenities and transportation networks. The combination of existing infrastructure, preliminary city approvals, and the expansive lot size makes this a rare and compelling investment prospect. Don't miss this chance to acquire a property with substantial upside in a thriving Florida market. The asking price is $349,000.

• CAP approach

  CAP return

  Valuation

  6%

  $385,833

  6.5%

  $356,154

  7%

  $330,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $223,260

  Geo Method

  $223,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $697,634

  Retail / Commercial

  $358,438

  Mixed-Use / Specialty

  $357,708

  Hospitality / Lodging

  $263,152

  Office

  $356,154

  Institutional / Educational

  $372,068

  Residential Income

  $435,320

  Multifamily

  $519,062

  Automotive / Energy

  $318,916

  Parking / Income-Based Land

  $109,513

  Restaurant / Food Service

  $187,216

  Healthcare / Senior Housing

  $366,261

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6999

Longitude

-81.3343

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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