242 State Road 434 Longwood, FL 32750
- Retail space
- 2,000 SF
- 0.17 lot acres
Current Use by Public Records
- Dr. Christine Bixon / Chiropractor
Property Details for 242 State Road 434
- Year built
- 1980
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.17 lot acres
- Property size
- 2,000 SF
- Property type
- Retail space
- APN
- 06-21-30-503-0000-0080
- APU
- 6213050300000080
Description
This 2,000 square foot retail space in Longwood, Florida, boasts a premium location on one of the city's busiest streets, ensuring exceptional visibility and high daily traffic. The property sits on a 0.17-acre lot and offers dedicated parking for customer convenience. Recently renovated, the roof was completely replaced in 2023. There are no HOA fees. The interior is clean and ready for immediate occupancy, minimizing setup time and costs. A rear green area offers expansion potential, with a permit already in progress for additional construction. The property benefits from its proximity to banks, restaurants, shopping centers, and public transportation. High-speed internet access and updated energy-efficient features, including LED lighting and improved insulation, are available. Longwood's growing economy and available local and state incentives for new businesses make this a strategic investment opportunity. The property is situated in a safe area with security systems available. The versatile space is adaptable to various business types, from retail stores and restaurants to offices.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $470,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $380,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $315,000
- Mixed-Use
- $365,000
- Hospitality
- $370,000
- Educational
- $385,000
- Residential Income
- $355,000
- Energy
- $335,000
- Income-Based Land
- $415,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Longwood
- County
- Seminole
- State
- Florida
- Longitude
- -81.3492
- Latitude
- 28.6976
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
