4010 Vine StKissimmee, FL 34741

Property Details for 4010 Vine St

Year built

1973

Lot size

1.84 AC

Property size (Sq ft)

9,684 SF

Zone code

KHC

Property type

Turn key restaurants

APN

192529156200010220

APU

192529156200010220

Description

This exceptional 1.84-acre commercial land parcel, located in the vibrant Kissimmee submarket, presents a unique investment opportunity. The property boasts a 9,684 square foot building, formerly occupied by a Red Lobster restaurant, which is currently vacant and available for lease. The building is in good condition, with some existing fixtures, furniture, and equipment remaining. This presents a significant advantage for a prospective tenant seeking a turnkey operation or a cost-effective renovation project. The site's prime location along Highway 192 ensures exceptional visibility and accessibility, making it ideal for a variety of commercial uses, particularly a full-service restaurant. Ample parking is available, catering to the needs of both staff and patrons. The single-tenant occupancy offers a streamlined approach to property management and leasing. This property is offered as a ground lease opportunity, providing a flexible and potentially lucrative investment strategy. The existing building's structure and remaining fixtures offer significant cost savings compared to starting from the ground up. The high traffic count and prominent location on Highway 192 guarantee substantial exposure to potential customers. This is a rare chance to acquire a well-situated commercial property in a thriving area with significant development potential. The property's size and existing infrastructure make it an attractive proposition for businesses seeking a ready-made space or a platform for new construction.

• CAP approach

  CAP return

  Valuation

  6%

  $4,160,533

  6.5%

  $3,840,492

  7%

  $3,566,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,002,827

  Geo Method

  $3,832,110

• Alternative Use

  Use

  Valuation

  Residential

  $3,239,599

  Hospitality

  $2,967,455

  Educational

  $2,468,888

  Medical

  $2,553,796

  Retail

  $3,840,492

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Latitude

28.3037

Longitude

-81.443

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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