$1,300,000
$1,350,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
4,918 SqFt
SOLD DATE : 03/14/2022
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,918 sqft
Price per Sqft $264
Subdivision Killarney Estates
MLS Listing ID G5046682
Sold Date 03/14/22
Construction Status No Contingency
HOA Y/N No
Year Built 1947
Annual Tax Amount $5,036
Lot Size 0.740 Acres
Acres 0.74
Property Description
COMMERCIAL REDEVELOPMENT OR INCOME OPPORTUNITY ON PRIME .75+/- ACRES JUST OFF HWY 17/92 IN WINTER PARK, FL 32789. Located just off the commercial corridor between Fairbanks Ave. & Lee Road, this property is contiguous to the Hill Gray Seven Redevelopment Project of the Ranch Mall & proposed Hotel Project to the North. Also contiguous with R-3 Zoning which would allow higher density for a high-end Townhome or Condo Project. The sale includes three separate Single Family Residence (349 Grove Ave. Winter Park FL 32789, 337 Grove Ave. Winter Park FL 32789, 1310 Fairview Ave. Winter Park FL 32789) which could also be converted into small Professional Offices. The unit at 1310 Fairview Ave. is set-up & was previously operated as a small ACLF/Nursing Home. Looking for cash flow? This could also be perfect for the Investor looking to produce passive income in single family rentals. The location resides in the high net-worth demographics of Winter Park 32789. Corner & Mid-block parcels, existing curb cuts & full utilities already at the site. Entitlements for redevelopment are fully achievable. Trade area includes: REI, Ruth’s Chris, Starbucks, Whole Foods, P.F. Chang’s, Publix, Trader Joe’s, Walgreens, Chipotle, Olive Garden, Wawa. Please do not disturb existing tenants. PRICED TO SELL! EXACT SAME SIZE COMPARABLE SALE CLOSED NEXT DOOR TO THE SUBJECT PROPERTY IN MARCH OF 2020 FOR $1,810,000.00. SEE ATTACHED OFFERING MEMORANDUM, OR CALL TO HAVE ONE EMAILED!
Location
State FL
County Orange
Community Killarney Estates
Zoning R-1A
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Vinyl
Exterior
Garage Parking Spaces - 6 to 12
Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Public, Sewer Nearby
Waterfront false
Roof Type Shingle
Building
Lot Description Central Business District, Corner Lot, City Limits, Paved
Story 1
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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