601 New York AveWinter Park, FL 32789

Property Details for 601 New York Ave

Year built

1965

Lot size

0.23 AC

Property size (Sq ft)

14,354 SF

Zone code

O-1

Property type

Office properties

Property subtype

Office buildings

APN

05-22-30-9400-06-121

APU

52230940006121

Description

This exceptional freestanding retail or restaurant space, located at 601 S New York Avenue in Winter Park, Florida, presents a unique investment opportunity. The property boasts a total of 10,762 square feet, with 5,075 square feet currently available for lease. Built in 1946, this single-story building offers excellent visibility and accessibility, situated on a prominent corner with significant frontage on Fairbanks Avenue. The high-traffic location benefits from daily counts exceeding 38,000 vehicles on Fairbanks Avenue and 5,200 vehicles on South New York Avenue. This prime location places the property in close proximity to key attractions such as Park Avenue, the Winter Park Farmer's Market, The Alfond Inn, and Rollins College, ensuring high foot traffic and visibility. The C-3 zoning allows for a variety of uses, making it ideal for a restaurant or retail establishment. The property's excellent signage opportunities further enhance its appeal to potential tenants. This is a rare chance to secure a well-positioned, established space in a thriving Winter Park location. The substantial square footage provides ample room for a variety of business concepts. Don't miss this opportunity to establish your business in a vibrant and highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,221,188

  6.5%

  $2,050,328

  7%

  $1,903,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,826,961

  Geo Method

  $1,602,337

• Alternative Use

  Use

  Valuation

  Residential

  $2,542,406

  Hospitality

  $2,328,830

  Educational

  $1,937,560

  Medical

  $2,004,195

  Retail

  $3,013,982

Location Insight

City

Winter Park

County

Orange

State

Florida

Latitude

28.6022

Longitude

-81.353

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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