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Property profile

700 Formosa Ave Winter Park, FL 32789

FOR SALE
Investment properties
Property ID
US18-2256572
2,073 SF 0.32 ac lot Built 1952
Entity Owned 22-yr Hold ~ Est. High Equity
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700 Formosa Ave, Winter Park, FL 32789 For Sale
Contact for pricing 2,073 SF
700 Formosa Ave, Winter Park, FL 32789
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Property summary

AI-generated overview

This exceptional 35,000 square foot commercial land parcel, located at 700 Formosa Avenue and 1996 Kentucky Avenue in Winter Park, Florida (zip code 32789), presents a unique investment opportunity. Boasting a fee simple ownership and a highly desirable C-3 zoning designation, this property offers unparalleled versatility. The lot provides significant frontage, with 140 feet along Formosa Avenue and 250 feet along Kentucky Avenue, ensuring excellent visibility and accessibility. Its strategic location offers close proximity to Interstate 4, providing convenient access to major transportation arteries. The C-3 zoning allows for a wide range of commercial uses, including medical offices, professional offices, office-warehouse facilities, and retail establishments. The property is situated in a high and dry area, eliminating concerns related to flooding. This prime location in the thriving Winter Park community, combined with its flexible zoning and substantial size, makes this an ideal site for development or investment. The asking price is $1,795,000. Don't miss this chance to acquire a highly sought-after commercial property in a rapidly growing market. Serious inquiries only.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1952
Total area 2,073 SF
Lot 0.32 ac (14,002 SF)
Zoning code C-3
APN 12-22-29-6172-03-210
UPID US18-2256572

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

700 Formosa Ave Winter Park, FL 32789
Winter Park metro Census 19000 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2004
2 recorded transactions
2004
$220,000
2003
$220,000

Zoning & alternative use

C-3 · Winter Park, FL
Zoning description

Sec. 58-76. - Commercial (C-3) district. (a) Purpose and intent. (1) Certain areas of the city along arterial and collector roadways have developed and are being redeveloped as highway-oriented commercial areas. The purp…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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