996 Plant StWinter Garden, FL 34787
- Mixed-use properties
- 2,707 SF
Property Details for 996 Plant St
- Year built
- 1926
- Lot size
- 1.60 AC
- Property size (Sq ft)
- 2,707 SF
- Zone code
- I-2
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 13-22-27-0000-00-022
- APU
- 132227000000022
Description
This exceptional Class A retail/office property, located at 996 E. Plant St, Suite 200, Winter Garden, FL 34787, presents a compelling investment opportunity. The 1.6-acre site boasts a total of 6 units, totaling approximately 17,500 square feet, currently 80% occupied. The property features three retail spaces and three office spaces, all delivered in grey shell condition. Suite 102 (2,419 sq ft) is currently leased to Mosaic Hair Studio & Blowout Bar. Suites 100 (2,910 sq ft), 101 (2,424 sq ft), 200 (2,963 sq ft), 201 (2,935 sq ft), and 202 (3,304 sq ft) are available for lease. The asking price is $1,700,000, representing a 7.00% cap rate. The existing leases have a remaining term of 10 years, structured as NNN leases. Construction is expected to be completed in early 2025. Situated in the heart of Winter Garden, this property offers high visibility and easy access to major roads, making it an ideal location for businesses seeking a vibrant, pedestrian-friendly environment. This is a chance to own a piece of a thriving community and benefit from the strong growth potential of East Winter Garden. The property is a multi-tenant building constructed in 2024. This investment offers a blend of immediate income and future development potential, making it an attractive option for discerning investors.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $661,238
- 6.5%
- $610,374
- 7%
- $566,776
-
Comparable approach
- Method
- Valuation
- Relative Method
- $658,874
- Geo Method
- $658,874
-
Alternative Use
- Use
- Valuation
- Residential
- $610,374
- Hospitality
- $559,099
- Educational
- $465,164
- Medical
- $481,162
- Retail
- $723,588
Location Insight
- City
- Winter Garden
- County
- Orange
- State
- Florida
- Latitude
- 28.5681
- Longitude
- -81.5715
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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