60 E 5Th St, Apopka, FL 32703
- Retail space
- 22,717 SF
- 0.71 lot acres
Current Use by Public Records
- Young's Law Firm, P.A. / Law Firm
- Mobile Taxes Services / Tax Preparation
Property Details for 60 E 5Th St
- Year built
- 1963
- Lot size
- 0.71 lot acres
- Zone code
- MU-D
- Property type
- Retail space
- APN
- 09-21-28-0196-50-790
- APU
- 92128019650790
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 26, 2025 | $1,800,100 | Tra Business LLC | Hai Yong Kim | Warranty Deed | — |
| Jun 6, 2019 | — | Hai Yong Kim | — | Deed · related | $445k · Td Bank NA |
| Mar 30, 2004 | $700,000 | Hai Y Kim | Lockeby,w E & Mary A | Grant Deed | $600k · W E & Mary A Lockeby |
Description
This exceptional retail investment opportunity presents a 22,717 square foot shopping center and storefront located at 40-60 E 5th St, Apopka, Florida 32703, in Orange County. Built in 1963, this single-story building sits on a 0.71-acre lot and boasts a compelling 7.16% cap rate with a Net Operating Income (NOI) of $128,844. The asking price is $1,800,000, translating to $79.24 per square foot. The property is zoned MU-D and benefits from its prime location on the hard corner of 5th Street and Park Avenue, directly behind Apopka City Hall. Currently, a significant portion of the space (7,370 square feet) is vacant, presenting a substantial value-add opportunity for an owner-user to occupy the space while maintaining income from existing tenants. The majority of existing tenants have leases with one to two years remaining, providing a further opportunity to increase rental income upon lease expiration. The property is situated within the Apopka Community Redevelopment Area (CRA), offering financial incentives for both tenants and property owners. Free public parking is conveniently located across the street. Seller financing is available. This property offers a unique blend of immediate income generation and significant potential for future growth.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Apopka
- County
- Orange
- State
- Florida
- Longitude
- -81.5099
- Latitude
- 28.6716
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
