105 Melody Ln Casselberry, FL 32707
- Retail properties
- 28,060 SF
- 2.18 lot acres
Current Use by Public Records
- O'Reilly Auto Parts / Auto Parts Store / Auto Body Parts Supplier
- Accident Injury Attorneys Casselberry Office / Trial Attorney
Property Details for 105 Melody Ln
- Year built
- 1962
- Lot size
- 2.18 lot acres
- Property size
- 28,060 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 28,060 square foot retail property situated on a 2.18-acre lot in Casselberry, Florida. The property features a credit-rated O'Reilly Auto Parts store as its primary tenant, operating under a net lease with approximately 2 years remaining on the current term. Two additional vacant buildings offer significant redevelopment potential, allowing for expansion or diversification of the property's income stream. Built in 1962 and renovated in 1983, the property boasts excellent visibility along US-17, with high daily traffic volume exceeding 53,000 vehicles. The location benefits from a dense population base, with over 237,054 residents within a 5-mile radius and an average household income of $102,277. The asking price is $2,800,000, translating to $99.79 per square foot. This multi-tenant property offers a compelling blend of existing income and future development prospects in a prime location just 12 miles from Orlando. The property's current occupancy is 31%, with three total units. Detailed financial and lease information for the O'Reilly Auto Parts tenant is available upon request. This is a rare opportunity to acquire a substantial retail property with strong existing tenancy and significant upside potential in a thriving Florida market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.3384
- Latitude
- 28.673
