Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
Longwood, FL 32750,770 BIG TREE DR
10
$460,000
$515,000
10.7%
Est.Price: ?

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8,150 SqFt

770 BIG TREE DR Longwood, FL 32750

Est. payment /mo
SOLD DATE : 01/20/2019

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Key Details

Sold Price $460,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 8,150 sqft

Price per Sqft $56

MLS Listing ID O5548783

Sold Date 01/20/19

HOA Y/N No

Year Built 1984

Annual Tax Amount $3,898

Lot Size 0.610 Acres

Acres 0.61

Property Description

Amazing opportunity to buy commercial real estate in prime Longwood at a current 7.5% cap rate. The property sits on 0.6 acres in the heart of Longwood's commerce park and has approximately 25 parking spaces. Property consists of eight 1,000 sq ft units - all leased to different tenants. Very close to major highways, restaurants & shopping centers. Most units have been tenanted since 2012 at 6$/ft MG. The expenses and maintenance are low and simply re-leasing at market rates would bump this to a 9% cap with ease. A great return whenever you decide to sell.
Value Add, Check. Multi-tenant, Check. Long-Term Tenants, Check. Low Price per Foot, Check. Solid Current Cap Rate, Check.
This is an excellent investment opportunity.

Location

State FL

County Seminole

Zoning M-1

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Exterior

Garage 19 to 30 Spaces

Utilities Available BB/HS Internet Capable

Waterfront false

Roof Type Shingle

Parking Type 19 to 30 Spaces

Building

Lot Description Central Business District, City Limits, Near Public Transit

Lot Size Range 1/2 Acre to 1 Acre

Water Public

Structure Type Block

New Construction false

Others

Ownership Corporation

Special Listing Condition None

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Stellar MLS
Listed by ADVANTA REALTY LLC
Bought with ADVANTA REALTY LLC

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Bent Danholm

Broker | License ID: BK3590420

+1(407) 288-0704

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