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105 Cypress St Kissimmee, FL 34744

Sponsored
For Sale
$300,000

Historic District, High NOI, 100% Occupied

Property size:
1,568 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use property, located at 105 E Cypress St in Kissimmee, Florida, presents a compelling investment opportunity. The 1,568 square foot building, constructed in 1948 and extensively renovated in 2023, boasts a prime location in the historic district. Currently operating at 100% occupancy with two tenants – a Caribbean restaurant and a barber shop – this property generates a substantial net operating income (NOI) of $24,000 annually, representing an attractive 8.00% cap rate. The asking price is $300,000, translating to $191.33 per square foot. Recent improvements include a new roof, updated plumbing and electrical systems (including a new electrical panel), fresh exterior paint, and significant interior renovations to both units. The restaurant features new flooring, paint, and a remodeled bathroom, while the barber shop benefits from a newer air conditioning system. Twelve parking spaces are available in a lot across the street. The property is zoned KB2 and operates under a triple-net (NNN) lease structure. This turnkey investment offers a rare blend of historical charm and modern upgrades, promising strong returns for the discerning investor. The property's strong tenancy and high occupancy rate make it an ideal addition to any portfolio.

Property Features for 105 Cypress St

General Information

Property type
Individual retail properties
Square Feet
1,568 SF

Building Details

Year Built/Renovated
1948/2023

HighLights

  • 1,568 SF mixed‑use building in Kissimmee's historic district, fully renovated in 2023.
  • 100% occupancy with a Caribbean restaurant and barber shop, generating $24,000 annual NOI and an 8% cap rate.
  • Asking price: $300,000 ($191.33/SF).
  • Recent renovations include a new roof, updated plumbing and electrical systems, exterior paint, and interior upgrades to both units.
  • Twelve parking spaces available across the street; NNN leases; KB2 zoning.
Property Profile Location Intelligence

Current Use by Public Records

My Father Cars ... Car Dealer Dominique's kitchen Llc Restaurant

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Kissimmee
County
Osceola
State
Florida
Longitude
-81.402764
Latitude
28.305859

FAQs

What type of property is this?
Individual retail property - Historic District, High NOI, 100% Occupied
Where is this individual retail property located?
The property is located at 105 Cypress St Kissimmee, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,568 SF mixed-use building in Kissimmee's historic district, fully renovated in 2023.; 100% occupancy with a Caribbean restaurant and barber shop, generating $24,000 annual NOI and an 8% cap rate.; Asking price: $300,000 ($191.33/SF).
More about this property
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