204 Sr 436 Casselberry, FL 32707
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High-traffic retail center, strong NOI.
Property size:
85,560 SFProperty Features for 204 Sr 436
General Information
- Property type
- Lifestyle centers
- Square Feet
- 85,560 SF
- Lot Size
- 329,314 SF
Listing Agency: NAI Realvest Orlando Listing Agent: Paul P Partyka
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity in Casselberry, Florida, featuring an 85,560 square foot shopping center situated on a 7.56-acre lot. Currently occupied by Old Time Pottery, this property boasts 200 feet of frontage on the highly trafficked SR 436 (Semoran Blvd), with an impressive 54,000 AADT. The property's strategic location is only seconds from the intersection of SR 436 and US Hwy 17-92, placing it in close proximity to Oxford Square, a 58,444 square foot shopping center. The asking price is $12,000,000, representing a land value of $140 per square foot. The current lease with Old Time Pottery expires on December 27th, offering potential for significant upside upon lease renewal at market rates, promising a high cash-on-cash return. The property's strong performance is evidenced by a projected Net Operating Income (NOI) of $452,000 in 2024. Beyond the existing structure, there's potential for redevelopment or the addition of retail outparcels, ideal for restaurants or convenience stores. This prime location and substantial size present a compelling opportunity for investors seeking a high-return retail investment in a thriving market. The property is located at 204 SR 436, Casselberry, FL 32707.
Property Profile
Location Intelligence
Current Use by Public Records
Lifestyle centers
Map
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.3351061
- Latitude
- 28.6595208
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FAQs
What type of property is this?
Lifestyle center - High-traffic retail center, strong NOI.
Where is this lifestyle center located?
The property is located at 204 Sr 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: 85,560 SF shopping center on 7.56 acres in Casselberry, FL, priced at $12,000,000 ($140/SF land value).; Located on high-traffic SR 436 (Semoran Blvd) with 200 feet of frontage and 54,000 AADT, seconds from SR 436 and US Hwy 17-92 intersection.; Currently occupied by Old Time Pottery with a projected 2024 NOI of $452,000; lease expires December 27th.