1960 Semoran Blvd Apopka, FL 32703-5720
- Turn key restaurants
- 2,926 SF
- 0.92 lot acres
Current Use by Public Records
- NYPD Pizza Apopka / Pizza Restaurant
Property Details for 1960 Semoran Blvd
- Year built
- 1994
- Lot size
- 0.92 lot acres
- Property size
- 2,926 SF
- Zone code
- C-C
- Property type
- Turn key restaurants
- APN
- 12-21-28-8398-00-040
- APU
- 122128839800040
Description
This exceptional 2,683-square-foot, single-tenant restaurant building presents a unique owner/user opportunity in Apopka, Florida. Located at 1960 E Semoran Blvd, this Class B property boasts a prime location on a 0.92-acre lot (APN: 12-21-28-8398-00-040) with over 500 feet of frontage on East Semoran Boulevard, experiencing a high average annual daily traffic count of 58,500 vehicles. Built in 1994 and fully renovated in 2021, the property features a new metal roof, a 28-ton HVAC system, and upgraded dining room and bar areas. The building includes a fully furnished patio with a metal overhang and two glass garage doors, providing ample outdoor seating. A significant advantage is the 210-foot wrap-around drive-thru, offering convenient access to East Semoran Boulevard. The property also benefits from a strong parking ratio of 6 spaces per 1,000 square feet. The building's signage includes façade and large marquee options. The property is zoned C-1 and has two points of ingress/egress from East Semoran Boulevard. Over $100,000 worth of furniture, fixtures, and equipment (FF&E) installed in 2021 is available for purchase. The occupancy date is August 24, 2023. This well-positioned restaurant is situated between Pep Boys, Wash City, and Double O's Coffee, offering excellent visibility and convenient access for customers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,860,000
- 6.5%
- $1,775,000
- 7%
- $1,670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,965,000
- Geo Method
- $1,995,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,525,000
- Retail
- $2,040,000
- Mixed-Use
- $2,040,000
- Hospitality
- $1,700,000
- Educational
- $2,005,000
- Residential Income
- $1,985,000
- Energy
- $1,530,000
- Income-Based Land
- $2,120,000
- Food Service
- $1,775,000
Location Insight
- Map
- Local Demand
- City
- Apopka
- County
- Orange
- State
- Florida
- Longitude
- -81.474
- Latitude
- 28.6723
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
