3001 Michigan AveKissimmee, FL 34744

Property Details for 3001 Michigan Ave

Year built

2006

Lot size

0.30 AC

Property size (Sq ft)

2,084 SF

Zone code

KHC

Property type

Office properties

Property subtype

Office buildings

APN

22529216500010410

APU

22529216500010410

Description

This exceptional 2,242 square foot retail property, situated on a 0.3-acre corner lot in Kissimmee, Florida, presents a lucrative investment opportunity. Built in 2006, the single-building structure features two separate retail/office spaces, each with its own utilities. The building boasts a durable cement tile roof and ample parking with eight spaces available. The property's strategic location offers unparalleled visibility and accessibility. It's less than a mile from the new Orlando Health Emergency Medical Pavilion and the Osceola Parkway Turnpike entrance/exit, ensuring high traffic volume. Furthermore, its proximity to a Walmart Supercenter Plaza guarantees significant foot traffic and consumer exposure. The property is zoned Highway/Commercial, providing flexibility for a variety of business uses. Both units are currently leased, generating immediate income potential. One unit includes a single bathroom, while the other offers two bathrooms, one with a shower. This well-maintained property represents a rare chance to acquire a thriving retail center in a rapidly growing area. The combination of location, size, and existing leases makes this an attractive investment for discerning buyers. The property's solid construction and convenient amenities ensure long-term value and potential for future appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $609,080

  6.5%

  $562,228

  7%

  $522,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $427,226

  Geo Method

  $327,251

• Alternative Use

  Use

  Valuation

  Residential

  $697,163

  Hospitality

  $638,597

  Educational

  $531,305

  Medical

  $549,578

  Retail

  $826,475

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Latitude

28.3371

Longitude

-81.3895

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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