1879-1887 Lee Rd Winter Park, FL 32789
- Office Properties & Spaces
- 5,242 SF
- 0.31 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1879-1887 Lee Rd
- Year built
- 1966
- Lot size
- 0.31 lot acres
- Property size
- 5,242 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional two-story, 5,242 square foot commercial building is situated on a 0.31-acre lot in desirable Winter Park, Florida, at 1879-1887 Lee Rd, 32789. Completely renovated in 2024, the property boasts high-quality finishes including a new roof, windows, doors, French sliding doors, pavers, bathrooms, paint, luxurious tile flooring, and modern recessed lighting. Each of the five units features private entries and exclusive outdoor patios. Ample parking is available with 17 spaces on-site, supplemented by street parking. Monument signage provides excellent visibility. The building offers easy access to Interstate 4, providing convenient access to both Orlando and the Orlando International Airport (OIA). Individually metered utilities and HVAC systems are in place for each unit. The property is currently vacant, with an occupancy date of August 23, 2024. The building's permitted zoning is O-1. Built in 1966, this Class C property offers a strong investment opportunity with a 7.70% cap rate and a Net Operating Income (NOI) of $138,499. The asking price is $1,799,000. The land value is $34.48 per square foot. This is an ideal owner-user opportunity, particularly suited for medical or high-end professional uses. The property is for sale by owner.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Winter Park
- County
- FL
- State
- Florida
- Longitude
- -81.3741
- Latitude
- 28.606
