Current Use by Public Records
- Certified Best Roofing / Roofing Company / General Contractor
- Fast Tax Oviedo / Accounting Firm / Tax Preparation
- Florida Mortgage Loans / Loan Service / Bank
Property Details for 1065 Broadway St
- Year built
- 2001
- Lot size
- 0.58 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This Oviedo, Florida retail center presents a compelling value-add investment opportunity. Located at 1065 E Broadway St, this single-story, 4,400 square foot building boasts five (5) 100% occupied suites, each approximately 880 square feet, offering flexibility for various tenant needs. Built in 2001 and renovated in 2024, the property features a new roof and updated HVAC systems, minimizing maintenance concerns. The property sits on a 0.58-acre lot and is zoned C-2. Currently generating a strong NOI of $78,549 with a 5.61% cap rate, the investment benefits from short-term month-to-month leases with built-in 5% annual rent bumps and 90-day termination clauses, providing both income stability and operational flexibility. The asking price is $1,400,000, representing a fee simple ownership opportunity. Strong demographics in the area, with an average household income within a 5-mile radius of $111,116, further enhance the investment potential. This property is an ideal choice for investors seeking a well-maintained, income-producing asset with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Oviedo
- County
- Seminole
- State
- Florida
- Longitude
- -81.1897
- Latitude
- 28.6703
