Property summary
This exceptional 1.84-acre commercial land parcel, located in the vibrant Kissimmee submarket, presents a unique investment opportunity. The property boasts a 9,684 square foot building, formerly occupied by a Red Lobster restaurant, which is currently vacant and available for lease. The building is in good condition, with some existing fixtures, furniture, and equipment remaining. This presents a significant advantage for a prospective tenant seeking a turnkey operation or a cost-effective renovation project. The site's prime location along Highway 192 ensures exceptional visibility and accessibility, making it ideal for a variety of commercial uses, particularly a full-service restaurant. Ample parking is available, catering to the needs of both staff and patrons. The single-tenant occupancy offers a streamlined approach to property management and leasing. This property is offered as a ground lease opportunity, providing a flexible and potentially lucrative investment strategy. The existing building's structure and remaining fixtures offer significant cost savings compared to starting from the ground up. The high traffic count and prominent location on Highway 192 guarantee substantial exposure to potential customers. This is a rare chance to acquire a well-situated commercial property in a thriving area with significant development potential. The property's size and existing infrastructure make it an attractive proposition for businesses seeking a ready-made space or a platform for new construction.
Property profile
VerifiedCap rate & NOI
Current use
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Roofing Company General Contractor
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
KHC · Kissimmee, FLZoning
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Zoning designation
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The district profile from the municipal source: what is on file for KHC in Kissimmee, FL.
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