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    1001 Red Bug Lake Rd Casselberry, FL 32707

    For Sale
    Contact for pricing

    Prime Retail Space, High Visibility

    Property size:
    3,716 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,716 square foot freestanding retail building is situated on a 0.85-acre lot at 1001 Red Bug Lake Road in Casselberry, Florida, zip code 32707. Previously a bank branch, this property offers significant potential for a variety of uses. The building boasts ample parking with 30 spaces, ensuring convenient access for customers and employees. Its highly visible location benefits from an average daily traffic count exceeding 98,000 vehicles, providing excellent exposure for any business. The property's zoning allows for expansion, with the potential to increase the building's footprint to up to 5,500 square feet. This presents a unique opportunity to customize the space to meet specific business needs. Located in Seminole County, this property is ideally suited for banks, credit unions, or medical offices seeking a prominent location with high visibility and ample parking. The property's strategic location and versatile design make it an attractive investment opportunity in a thriving Florida market. The address is easily accessible and benefits from strong local demographics. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential.

    Property Features for 1001 Red Bug Lake Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,716 SF
    Lot Size
    37,026 SF

    HighLights

    • Former bank branch, 3,716 SF.
    • Freestanding building with 30 parking spaces on a 0.85‑acre lot.
    • Buildable up to 5,500 SF.
    • High visibility location with over 98,000 ADT.
    • Ideal for banks, credit unions, and medical offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Discount Tire Repair ... Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Casselberry
    County
    Seminole
    State
    Florida
    Longitude
    -81.3220198
    Latitude
    28.646473

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High Visibility
    Where is this individual retail property located?
    The property is located at 1001 Red Bug Lake Rd Casselberry, FL.
    What are key features of this property?
    This property features: Former bank branch, 3,716 SF.; Freestanding building with 30 parking spaces on a 0.85-acre lot.; Buildable up to 5,500 SF.
    Request Owner's contact information
    1001 Red Bug Lake Rd Casselberry, FL 32707
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    Casselberry, FL 32707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Red Bug Lake Rd Casselberry, FL 32707
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