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    700 Formosa Ave Winter Park, FL 32789

    For Sale
    $1,795,000

    Prime 35,000 SF Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 35,000 square foot commercial land parcel, located at 700 Formosa Avenue and 1996 Kentucky Avenue in Winter Park, Florida (zip code 32789), presents a unique investment opportunity. Boasting a fee simple ownership and a highly desirable C-3 zoning designation, this property offers unparalleled versatility. The lot provides significant frontage, with 140 feet along Formosa Avenue and 250 feet along Kentucky Avenue, ensuring excellent visibility and accessibility. Its strategic location offers close proximity to Interstate 4, providing convenient access to major transportation arteries. The C-3 zoning allows for a wide range of commercial uses, including medical offices, professional offices, office-warehouse facilities, and retail establishments. The property is situated in a high and dry area, eliminating concerns related to flooding. This prime location in the thriving Winter Park community, combined with its flexible zoning and substantial size, makes this an ideal site for development or investment. The asking price is $1,795,000. Don't miss this chance to acquire a highly sought-after commercial property in a rapidly growing market. Serious inquiries only.

    Property Features for 700 Formosa Ave

    General Information

    Property type
    Land

    HighLights

    • 35,000 SF commercial land parcel in Winter Park, FL (32789).
    • Fee simple ownership with C‑3 zoning.
    • 140' frontage on Formosa Ave, 250' on Kentucky Ave.
    • Excellent I‑4 access.
    • Suitable for various commercial uses, including medical, office, and retail.
    • High and dry location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.377211
    Latitude
    28.5920483

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    FAQs

    What type of property is this?
    Land - Prime 35,000 SF Commercial Lot
    Where is this land located?
    The property is located at 700 Formosa Ave Winter Park, FL.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: 35,000 SF commercial land parcel in Winter Park, FL (32789).; Fee simple ownership with C-3 zoning.; 140' frontage on Formosa Ave, 250' on Kentucky Ave.
    Request Owner's contact information
    700 Formosa Ave Winter Park, FL 32789
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    Winter Park, FL 32789
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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
    700 Formosa Ave Winter Park, FL 32789
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