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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 | $1,535,043 |
| Land Assessment | $2,404,065 | Total Assessment | $3,939,108 |
Property Taxes
Parcel Number
17-21-30-519-0000-0010
Land Assessment
$2,404,065
Improvements Assessment
$1,535,043
Total Assessment
$3,939,108
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