2716 Rew CirOcoee, FL 34761

Property Details for 2716 Rew Cir

Year built

1993

Lot size

0.41 AC

Property size (Sq ft)

4,824 SF

Zone code

I-1

Property type

Office buildings

APN

29-22-28-9159-00-090

APU

292228915900090

Description

This exceptional 4,624 square foot free-standing office building presents a rare opportunity in desirable Ocoee, Florida. Located at 2716 Rew Cir, Ocoee, FL 34761, this two-story building sits on a 0.41-acre lot and offers a versatile layout ideal for owner-users or investors. Currently vacant, the property features three units, with 4,000 square feet on the ground floor and an additional 624 square feet upstairs, perfect for overflow or storage. Built in 1993, the block and stucco structure boasts a metal roof and ample parking with 20 open spaces and two carport spaces. Three 4-ton AC systems, installed in 2013, ensure climate control. The property is zoned for office low-rise use and is situated in a small professional office park near Orlando Health Central Hospital, offering easy access to major roadways including US Hwy 50, the Florida Turnpike, and Hwy 429. The asking price is $1,625,000, translating to $351.43 per square foot. The property includes a monument sign and is fenced, providing privacy and security. Minor maintenance is needed, according to inspection reports. The building utilizes a septic sewage system. Available for occupancy on October 25, 2024. This property's location and features make it an attractive investment, particularly given the limited inventory of comparable properties in the area. The strong potential for leasing to a single tenant or multiple sub-tenants makes this a compelling opportunity for both owner-occupiers and investors. The property's parcel number (APN) is 29-22-28-9159-00-090.

• CAP approach

  CAP return

  Valuation

  6%

  $950,288

  6.5%

  $877,189

  7%

  $814,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $757,513

  Geo Method

  $757,513

• Alternative Use

  Use

  Valuation

  Residential

  $1,087,714

  Hospitality

  $996,341

  Educational

  $828,944

  Medical

  $857,452

  Retail

  $1,289,468

Location Insight

City

Ocoee

County

Orange

State

Florida

Latitude

28.5501

Longitude

-81.5375

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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