71 Semoran BlvdAzalea Park, FL 32807

Property Details for 71 Semoran Blvd

Year built

1991

Lot size

4.00 AC

Property size (Sq ft)

23,125 SF

Zone code

C-2

Property type

Auto shops

APN

27-22-30-0000-00-060

APU

272230000000060

Description

This exceptional 23,405-square-foot retail property, located at 71 S Semoran Blvd in Azalea Park, Florida, presents a compelling investment opportunity. Previously occupied by Pep Boys until November 2022, the site is now vacant and ready for a new owner/user or investor. The property boasts a prime location on Semoran Boulevard, with 161 feet of frontage and high visibility, benefiting from 62,000 vehicles per day. The building, constructed in 1991 and renovated in 2023, features stone masonry construction, a metal roof, and ten service bays. Ample parking is available with 87 spaces (3.72 per 1,000 square feet). The 4.2-acre lot is zoned C-2 General Commercial, offering flexibility for various uses. The asking price is $3,500,000, translating to $149.54 per square foot. The property's strong location within a thriving community, with a 3-mile population of 123,030 and an average household income of $74,910, makes it an attractive prospect for both owner-operators and investors seeking a high-return opportunity. The property is offered as a fee-simple ownership with an absolute NNN lease type. This is a rare chance to acquire a well-maintained, strategically located commercial property in a high-traffic area. The property's clean condition and recent renovation make it immediately ready for occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $8,076,868

  6.5%

  $7,455,570

  7%

  $6,923,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,150,923

  Geo Method

  $9,150,923

• Alternative Use

  Use

  Valuation

  Residential

  $6,289,052

  Hospitality

  $5,760,738

  Educational

  $4,792,867

  Medical

  $4,957,701

  Retail

  $7,455,570

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5445

Longitude

-81.3096

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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