204 State Rd 436, Casselberry, FL

Listing office NAI Realvest | Orlando Show Phone

Listing date Jul 13, 2023

Source Moodyscre

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Overview

This property presents an opportunity to acquire a large retail store in a high-traffic location. The property, currently occupied by Old Time Pottery, is situated on State Road 436 (Semoran Blvd), near the intersection of SR 436 and US Hwy 17-92. The location benefits from 200 feet of frontage on SR 436 (Semoran Blvd), which sees an average annual daily traffic count of 54,000. The property is adjacent to Oxford Square, a 58,444 square foot shopping center. The existing tenant provides a Year 1 (2023) Net Operating Income of $452,000. Upon lease expiration, there is potential to lease the space at the current market rate. There is also an additional development opportunity for a retail outparcel suitable for a restaurant or convenience store. The property offers potential redevelopment opportunities.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Segovia's Flowers — 1013 Semoran Blvd, Casselberry, FL 32707

Location Insight

• Map
• Local Demand

City

Casselberry

County

Seminole

State

Florida

Longitude

-81.3378

Latitude

28.6587

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FAQs

What type of property is this?

Storefront property - High-traffic retail location with redevelopment potential on SR 436.

Where is this storefront property located?

The property is located at 204 State Rd 436 Casselberry, FL.

What is the asking price?

The asking price for this property is $12,000,000.

What are key features of this property?

This property features: High traffic location on SR 436 (Semoran Blvd) with 54,000 AADT and 200 feet of frontage.; Year 1 (2023) NOI of $452,000 with potential for higher cash on cash return upon lease expiration.; Large footprint retail store at $105 / SF.