3304 Columbia AveKissimmee, FL 34741

Property Details for 3304 Columbia Ave

Year built

2019

Lot size

1.47 AC

Property size (Sq ft)

2,556 SF

Zone code

KHC

Property type

Retail properties

Property subtype

Strip malls

APN

17252900U000760000

APU

17252900U000760000

Description

Amadeus Plaza, a Class A, 10,000-square-foot retail shopping center in Kissimmee, Florida, presents a compelling value-add investment opportunity. Located at 3304 W Columbia Ave, this single-story, 2019-built property sits on a 1.47-acre lot with 50 parking spaces and is situated at a signalized intersection offering excellent visibility. Currently vacant, the building offers significant flexibility. 2,500 square feet are already built out as a café space, complete with a grease trap, while the remaining 7,500 square feet are in a grey shell condition, ready for tenant build-out or owner occupancy. The property's zoning (T5-U) allows for diverse uses, including retail, general office, or medical. This presents a unique chance to acquire a modern asset below replacement cost in a strong demographic area with over 140,000 residents and 56,000 employees within a 15-minute drive. The property is offered fee simple, providing the buyer with complete control and upside potential. The three units offer options for owner-occupancy, leasing to multiple tenants, or a single large tenant. This is an exceptional opportunity to capitalize on a prime location and a versatile property in a thriving market. The property's APN is 17-25-29-00U0-0076-0000. Asking price is $2,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,098,133

  6.5%

  $1,013,661

  7%

  $941,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,320,449

  Geo Method

  $1,011,449

• Alternative Use

  Use

  Valuation

  Residential

  $855,061

  Hospitality

  $783,232

  Educational

  $651,640

  Medical

  $674,050

  Retail

  $1,013,661

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Latitude

28.3074

Longitude

-81.4371

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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