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204 State Road 436
Casselberry, FL 32707
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Great opportunity to acquire large footprint retail store in high traffic location at $140 / SF
- Currently occupied by Old Time Pottery and offers a Year 2 (2024) NOI - $452,000; current lease ends 12/27
- 200 feet of frontage on busy SR 436 (Semoran Blvd) with 54,000 AADT
- Located on extremely busy SR 436 (Semoran Blvd) and only seconds from SR 436 and US Hwy 17-92 intersection
- Upon expiration, investor can lease out at current market rate and receive a high cash on cash return
- Additional development opportunity - retail outparcel for restaurant, convenience store, etc.
EXECUTIVE SUMMARY
Potential redevelopment opportunity in great location. Upon tenant's lease expiration, investor can lease out at current market rate and receive a high cash on cash return
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
85,560 SF
Year Built
1986
Price
$12,000,000
Price Per SF
$140.25
Cap Rate
3.77%
NOI
$452,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
7.58 AC
Zoning
CG
Parking
179 Spaces (2.09 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 17-21-30-519-0000-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,381,134 |
PROPERTY TAXES
Parcel Number
17-21-30-519-0000-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,381,134
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