1501 Pearl St Longwood, FL 32750
- Commercial real estate
- 4.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1501 Pearl St
- Lot size
- 4.30 lot acres
- Property type
- Commercial real estate
- APN
- 0121295CK030HO
Description
This exceptional 4.3-acre property in Longwood, Florida, presents a unique investment opportunity. Located at 1501 Pearl St, 32750, this mixed-use land boasts a versatile zoning designation of A1 and R1A, allowing for a variety of development possibilities. The property comprises three parcels (APN: 0121295CK030HO, 021295CK30d0010, and 021295ck030d000a). Currently on the land is a 1120 sq ft rental home generating $1200 monthly income (month-to-month tenancy, occupied for six years), and a substantial 2800 sq ft warehouse featuring three large roll-up doors (60x40 dimensions). The zoning allows for potential development of up to four homes per acre, subject to Seminole County approvals. The asking price is $2,200,000, with the seller offering a flexible financing option: a $300,000 first mortgage at 6.5% interest with a three-year balloon payment. Most of the existing furniture is included in the sale (excluding items of sentimental value). This property offers significant upside potential for both immediate income generation and future development. The motivated seller makes this an attractive proposition for discerning investors seeking a blend of immediate return and long-term growth.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Longwood
- County
- Seminole
- State
- Florida
- Longitude
- -81.3700807
- Latitude
- 28.6950107
