225 State Road 434Longwood, FL 32750

Property Details for 225 State Road 434

Year built

2000

Lot size

1.22 AC

Property size (Sq ft)

15,915 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional two-story medical office building, totaling 15,915 square feet, is situated on a 1.22-acre lot at 225 W State Rd 434 in Longwood, Florida, zip code 32750. Built in 2000 and renovated in 2014, the property is currently multi-tenant, with two occupants occupying 24% of the space. The asking price is $2,950,000, translating to $185.36 per square foot. The building offers a NNN lease structure, providing a stable investment opportunity. Its strategic location offers high visibility with 41,500 average daily cars passing on State Road 434, providing excellent access to Interstate 4 and major transportation networks. The property benefits from its proximity to a future town center development, a planned upscale development including multi-family residences, retail, restaurants, and office spaces, projected to significantly increase population density and demand for services in the area. Furthermore, its adjacency to Longwood's historic district and the Sun Rail station adds to its appeal. The surrounding Longwood market boasts a robust population of 703,183 within a ten-mile radius, a median household income of $92,394 (with a compound annual growth rate of 6.1%), and a high insurance coverage rate of 88%. This presents a compelling investment opportunity for those seeking to capitalize on the growth and development within the Longwood submarket. The property's current tenants include SimonMed Imaging (2,886 SF) and Empower Tattoo (945 SF).

Location Insight

City

Longwood

County

Seminole

State

Florida

Latitude

28.6983

Longitude

-81.3498

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