210 Wayman St Longwood, FL 32750-5343
- Schools
- 2,000 SF
- 0.00 lot acres
Current Use by Public Records
- Pee Wee Ranch Day Care Center / Day Care Center
Property Details for 210 Wayman St
- Year built
- 1988
- Construction
- WOOD FRAME
- Lot size
- 0.00 lot acres
- Property size
- 2,000 SF
- Property type
- Schools
- APN
- 32-20-30-510-0E00-0010
- APU
- 3220305100E000010
Description
This exceptional 2,000 square foot building presents a unique investment opportunity in Longwood, Florida. Situated on a sizable 0.42-acre lot encompassing two parcels, the property offers significant flexibility. Currently configured as a well-maintained former daycare center, it boasts updated mechanical systems. The City of Longwood has granted preliminary approval for conversion into a duplex, envisioning two approximately 1,750 square foot units, each with a two-car garage. This conversion plan allows for substantial expansion potential, maximizing the property's income-generating capabilities. The building's existing structure provides a solid foundation for either a straightforward renovation into a duplex or continued use as a single, larger unit. This versatile property is ideally suited for investors seeking a high-return project with clear development pathways. The location in Longwood offers convenient access to local amenities and transportation networks. The combination of existing infrastructure, preliminary city approvals, and the expansive lot size makes this a rare and compelling investment prospect. Don't miss this chance to acquire a property with substantial upside in a thriving Florida market. The asking price is $349,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $340,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $335,000
- Mixed-Use
- $255,000
- Hospitality
- $295,000
- Educational
- $295,000
- Residential Income
- $325,000
- Energy
- $325,000
- Income-Based Land
- $270,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Longwood
- County
- Seminole
- State
- Florida
- Longitude
- -81.3343
- Latitude
- 28.6999
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA