Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
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$460,000

$515,000

10.7%
Est.Price: ?

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Est. payment /mo

8,150 SqFt


SOLD DATE : 01/20/2019

Key Details

Sold Price $460,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 8,150 sqft

Price per Sqft $56

MLS Listing ID O5548783

Sold Date 01/20/19

HOA Y/N No

Year Built 1984

Annual Tax Amount $3,898

Lot Size 0.610 Acres

Acres 0.61

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.

Location

State FL

County Seminole

Zoning M-1

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Exterior

Parking Features 19 to 30 Spaces

Utilities Available BB/HS Internet Capable

Roof Type Shingle

Building

Lot Description Central Business District, City Limits, Near Public Transit

Lot Size Range 1/2 Acre to 1 Acre

Water Public

Structure Type Block

New Construction false

Others

Ownership Corporation

Special Listing Condition None

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Tony & Michelle Tell

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Stellar MLS
Listed by ADVANTA REALTY LLC
Bought with ADVANTA REALTY LLC
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13085 SW 1st Ln, Newberry, FL, 32669, USA

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