770 Big Tree Drive

    Longwood, FL 32750
    • $525,000
    • STATUS: Active
    • ON SITE: 177 days
    • MLS #: O5548783
    UPDATED: 49 min ago
    $525,000
    • 0
      BEDS
    • 0.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,150
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1984
    County:

    School Ratings & Info

    Listing information courtesy of Advanta Realty.

    Description

    Amazing opportunity to buy commercial real estate in prime Longwood at a current 7.5% cap rate. The property sits on 0.6 acres in the heart of Longwood's commerce park and has approximately 25 parking spaces. Property consists of eight 1,000 sq ft units - all leased to different tenants. Very close to major highways, restaurants & shopping centers. Most units have been tenanted since 2012 at 6$/ft MG. The expenses and maintenance are low and simply re-leasing at market rates would bump this to a 9% cap with ease. A great return whenever you decide to sell. Value Add, Check. Multi-tenant, Check. Long-Term Tenants, Check. Low Price per Foot, Check. Solid Current Cap Rate, Check. This is an excellent investment opportunity.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-18T12:42:59.35.
    www.beachislandgroup.com/homes/79530010

    770 Big Tree Drive Longwood, FL 32750

    • Price: $525,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: O5548783
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.61
    Acres
    8,150
    SQFT
    $64
    $/SQFT
    1984
    Built
    Neighborhood:
    Longwood East
    County:
    Seminole
    Area:
    Longwood East
    Property Description
    Amazing opportunity to buy commercial real estate in prime Longwood at a current 7.5% cap rate. The property sits on 0.6 acres in the heart of Longwood's commerce park and has approximately 25 parking spaces. Property consists of eight 1,000 sq ft units - all leased to different tenants. Very close to major highways, restaurants & shopping centers. Most units have been tenanted since 2012 at 6$/ft MG. The expenses and maintenance are low and simply re-leasing at market rates would bump this to a 9% cap with ease. A great return whenever you decide to sell. Value Add, Check. Multi-tenant, Check. Long-Term Tenants, Check. Low Price per Foot, Check. Solid Current Cap Rate, Check. This is an excellent investment opportunity.
    Exterior Features

    Adjoining Property Industrial Construction Materials Block Lot Features Central Business DistrictIn City LimitsNear Public Transit Parking 19 To 30 Spaces Parking Features 19 To 30 Spaces Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central Air Flooring Laminate Heating Central Office Retail Space Sq Ft 1000 Water Source Public

    Property Features

    Additional Parcels Yn No Annual Expenses 6160 Business Type Office/Warehouse Flood Zone Code X Net Operating Income 471550 New Construction Yn No Property Condition Completed Property Sub Type Industrial Special Listing Conditions None Tax Annual Amount 3898 Tax Year 2017 Total Num Buildings 1 Utilities Bb/Hs Internet Capable Zoning M-1

    Listing information courtesy of Advanta Realty.
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-18T12:42:59.35.
     
    Chenault Group
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    Listing information courtesy of Advanta Realty.