3116 Washington StZellwood, FL 32798

Property Details for 3116 Washington St

Year built

1980

Lot size

1.30 AC

Property size (Sq ft)

4,207 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

22-20-27-2736-10-043

APU

222027273610043

Description

This exceptional investment opportunity presents a vacant, 3,129 square foot freestanding building situated on a 1.62-acre lot in Zellwood, Florida. Located at 3116 Washington Street and 5612 Woodward Avenue, this Class C property boasts 135 feet of frontage on US Highway 441/West Orange Blossom Trail, a major thoroughfare with a high average annual daily traffic count of 36,259 vehicles. The property features a prominent monument sign, providing excellent visibility and brand recognition. With ample parking for 27 vehicles, this versatile space offers multiple potential uses, including a bank, retail establishment, or professional office. The property's convenient location provides easy access to Ponkan Road, SR 429 (Western Beltway), SR 414 (Maitland Blvd), SR 44, and I-4, ensuring high traffic flow and accessibility. The asking price is $1,500,000. The property consists of one building and includes two parcels (APN: 22-20-27-2736-10-043; 22-20-27-8600-00-190) totaling 1.62 acres. Previously used as a bank, it features a three-lane drive-thru. This is a rare opportunity to acquire a well-positioned property in a growing area with significant development potential. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $820,916

  6.5%

  $757,768

  7%

  $703,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,625

  Geo Method

  $660,625

• Alternative Use

  Use

  Valuation

  Residential

  $939,633

  Hospitality

  $860,698

  Educational

  $716,091

  Medical

  $740,718

  Retail

  $1,113,919

Location Insight

City

Zellwood

County

Orange

State

Florida

Latitude

28.729

Longitude

-81.6032

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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