996 Plant StWinter Garden, FL 34787

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

Investment properties

Property subtype

Retail residential 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.

• 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

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