4355 Bear Gully RdWinter Park, FL 32792

Property Details for 4355 Bear Gully Rd

Year built

2003

Construction

CONCRETE BLOCKS

Lot size

2.53 AC

Property size (Sq ft)

5,422 SF

Property type

Office buildings

APN

36-21-30-300-0100-0000

APU

36213030001000000

Description

This exceptional investment opportunity presents a 9,914 square foot Class B medical office building in Winter Park, Florida. Situated on a 2.9-acre lot, the property includes two buildings, spanning two stories, and offers 52 parking spaces. Built in 1979 and renovated in 2003, the main building features an architecturally pleasing mid-century modern design. Currently housing two tenants, including an outpatient surgery center and an orthopedic practice, this multi-tenant property offers immediate income potential. An additional 0.3-acre lot, acquired for future redevelopment, expands the possibilities. Architectural plans indicate potential for a building up to 23,445 square feet on the combined 2.9 acres. A small, fully functional residential structure on the property offers versatile use, such as storage, or could be removed for redevelopment. The property enjoys a serene setting with mature landscaping, proximity to the Cross Seminole Trail, and a location near executive homes, Tuskawilla Golf and Country Club, and Trinity Preparatory School. Its convenient location just off Aloma Avenue on Bear Gully Road in Winter Park, Seminole County (zip code 32792), provides excellent access to a desirable patient base in Winter Park and Oviedo. This unique property offers significant flexibility for a creative buyer seeking to maximize income and expand their practice.

• CAP approach

  CAP return

  Valuation

  6%

  $1,269,498

  6.5%

  $1,171,844

  7%

  $1,088,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $945,480

  Geo Method

  $851,417

• Alternative Use

  Use

  Valuation

  Residential

  $1,453,086

  Hospitality

  $1,331,019

  Educational

  $1,107,392

  Medical

  $1,145,478

  Retail

  $1,722,611

Location Insight

City

Winter Park

County

Seminole

State

Florida

Latitude

28.6181

Longitude

-81.2695

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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