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Description
Four-suite commercial property generating $238,491 NOI at 6.45% cap rate. 100% leased to established tenants with staggered expirations through 2028; anchor tenant (recreation) secured through 2030 with renewal options. All leases include NNN structure with CAM recovery and 3-4% annual escalations. Carlitos Tire recently extended through 8/31/28. Highway 17-92 frontage provides established commercial visibility. Masonry construction, 16,220 SF, 1.17 acres, 21 parking spaces. Built 2007. For experienced NNN investors and 1031 exchangers.
Property Highlights
Property Type: Commercial - Industrial
Cooling: Central Air
Heating: Central, Electric
Lot Size: 1.17 Acres
Stories: 1.0
Taxes: $25,298
Year Built: 2007
General Information
County: Seminole
Subdivision: KATHRYN PARK
Listed By:
Brad Young
HOMEVEST REALTY
407-897-5400
MLS ID: O6431922
Property Features
Building: Bathrooms, Common Lighting, Reception
Directions: From I-4, take Exit 94 for SR-434/Longwood and head east on SR-434. Turn right onto S US Highway 17-92 and continue south. Turn right into 2350 S US Highway 17-92; the property will be on your left after entering the complex.
Exterior: Metal Siding
Flood Zone Code: X
Flooring: Epoxy, Laminate, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot: Landscaped, Near Public Transit, Oversized Lot, Retention Areas, Sidewalk, Street Lights
Lot Dimensions: 1.17
Ownership: Fee Simple
Parking: Ground Level, Lighted, Public Parking
Parking Notes: Ground Level, Lighted, Public Parking
Property Attached Y/N: No
Property Sub-Type: Industrial
Sale Includes: Building(s) and Land
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 5
Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected
Vegetation: Trees/Landscaped
Water: Public
Water Access Y/N: No
Zoning: C-2
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2350 S Us Highway 17 92 , Longwood, FL 32750.
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