1931 Fairbanks AveWinter Park, FL 32789

Property Details for 1931 Fairbanks Ave

Year built

1957

Lot size

0.26 AC

Property size (Sq ft)

2,158 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Auto shops

APN

12-22-29-4076-05-230

APU

122229407605230

Description

This exceptional 2,158 square foot auto shop, situated on a prominent corner lot in Winter Park, Florida (1931 W Fairbanks Ave, 32789), presents a unique owner-user or investment opportunity. The property, built in 1957 and renovated in 2017, boasts a Class B rating and sits on an 11,528 square foot lot zoned C-3. The single-story building features 1,975 square feet of net rentable space, including two service bays equipped with energy-efficient doors and automatic openers. Modern upgrades include a new roof (2017), full air conditioning, a separate rear storage room, and a comprehensive high-end video surveillance system covering both the interior and exterior. The property is fully fenced with a 4-foot metal fence and two rolling gates, enhancing security and providing ample space. This hard-to-find free-standing corner location at the intersection of Fairbanks and Ohio Avenues offers exceptional visibility and accessibility, making it ideal for a thriving auto repair business or a savvy investor seeking a strong return. The asking price is $1,995,000. Property APN: 122229407505230.

• CAP approach

  CAP return

  Valuation

  6%

  $490,887

  6.5%

  $453,126

  7%

  $420,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $692,163

  Geo Method

  $853,954

• Alternative Use

  Use

  Valuation

  Residential

  $382,229

  Hospitality

  $350,120

  Educational

  $291,295

  Medical

  $301,313

  Retail

  $453,126

Location Insight

City

Winter Park

County

Orange

State

Florida

Latitude

28.5934

Longitude

-81.3756

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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