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254 N Division St 1,298 SF Retail Building Oviedo, FL 32765 $299,000 ($230.35/SF)
Investment Highlights
- In-place income: Cucinella's Brick Oven Pizzeria, ~4 yrs remaining, 5% annual escalations
- Corner mixed-use parcel fronting Oviedo on the Park / Center Lake
- Affluent trade area — ~$113K median HH income within 1 mile
- Value-add: renovated upstairs apartment — vacant
- Flexible MUDHDP downtown mixed-use zoning
- Walkable downtown Oviedo; near UCF and the Orlando metro
Executive Summary
Two-story mixed-use building on a corner parcel directly fronting Center Lake at downtown Oviedo on the Park, in affluent Seminole County. The ground floor is leased to Cucinella's Brick Oven Pizzeria with approximately four years of term remaining and 5% annual rent escalations, providing in-place income. The second-floor unit is a renovated apartment with a private lake-view balcony — currently vacant — offering value-add upside to lease, owner-occupy, or reposition under flexible MUDHDP mixed-use zoning. Corner location on the roundabout with strong demographics: roughly $113,000 median household income within one mile and a growing Orlando-metro trade area near UCF. Ideal for an investor seeking income plus upside, or an owner-user.
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- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,298 SF
Building Class
C
Year Built
1981
Price
$299,000
Price Per SF
$230.35
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.21 AC
Zoning
MUDHDP - mixed-use building located at 254 N Division St, Oviedo, FL 32765. The property is further identified as Parcel #10-21-31-300-0630-0000. More specific
Parking
13 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
122’ on Division St
Amenities
- 24 Hour Access
- Banking
- Conferencing Facility
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Waterfront
- Enclosed Mall
- Storage Space
- Air Conditioning
- Balcony
- Fiber Optic Internet
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-21-31-300-0630-0000 | Improvements Assessment | $86,671 |
| Land Assessment | $102,834 | Total Assessment | $189,505 |
Property Taxes
Parcel Number
10-21-31-300-0630-0000
Land Assessment
$102,834
Improvements Assessment
$86,671
Total Assessment
$189,505
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254 N Division St
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