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261 S State Road 415
Osteen, FL 32764
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • "Grandfathered" use of combined auto sales and repair at the property.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1960/2010
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.21 AC
Zoning
OCV - Osteen Commercial Village
Parking
50 Spaces (16.67 Spaces per 1,000 SF Leased)

ABOUT 261 S STATE ROAD 415 , OSTEEN, FL 32764

This property is well situated along the growing SR 415 corridor connecting the Lake Mary Blvd extension which transitions into SR 415 into Volusia County. This roadway absorbs commuter traffic, a preponderonce from Deltona, for those travelling to and from Orlando for their daily business activities. Deltona, is the largest city within Volusia County and 26th largest city in the state of Florida, at nearly 92,000 citizens, via recent estimates by the US Census. This roadway is also well traveled by commuters on their way to "Orlando's Beach", New Smyrna Beach, FL. The property enjoys road frontage of nearly 1.5 football fields in length, with 2 curb cuts for traffic ingress/egress to the parcel off and onto SR 415, as well as a turn lane located in the middle of the bidirectional 4 lanes of traffic fronting the property. There is a 3rd curb cut conveniently located at the rear of the property for access to Leonardy Ave, which then connects to Thompson Ave a short block away to the north, which then connects into SR 415 for easy merge onto north or southbound travel. The Osteen Diner is positioned at the northern corner of the property. This diner is rated the #1 diner in Osteen, arguably drawing diners from all over Florida to its famous home made style meals. The property enjoys 1.21 ac +/- of land (as documented via an ALTA Boundary survey) bordered by 3 roadways, 4 Service Bays with Lifts, ample secured tire storage, 3,060 SF +/- of interior retail showroom, office space and garage mechanic/repair area. There are 4 canopy areas, totaling 2,955 SF +/- on property that provide additional overhead cover space for use as appropriate for day-to-day operations. Total covered space as part of the property: 6,015 SF +/-. FF&E would be part of the real estate and sold with the property. Any tools owned by mechanics on staff would remain the personal property of the mechanics. Zoning is OCV with a FLU of LPA. The zoning class does not provide permitted use for auto sales or repair on the property, however, due to 261 S SR 415's "grandfathered" status of use for these use categories, these ongoing uses are permitted. Please review the flyer, page 4, as part of the marketing for this site that shows the Volusia County parcels along the SR 415 roadway denoting which parcels would allow for auto repair and/or auto sales use, as part of its zoning class. Only one parcel, which is situated off SR 415, allows for permitted use of auto service. Only BPUD allows for auto sales upon development agreement and county council approval. OCV and OMV will allow auto repair but requires Special Exception approval by the county council. Therefore, it appears, no parcel that has a boundary touching SR 415, in the corridor presented on the flyer, permits auto sales and/or repair, as a permitted right. Please examine these zoning classes to confirm your rights and the competitive benefit being described for auto sales, as well as, auto repair, along this busy section of SR 415, Osteen. There has been and is estimated to be much residential development occurring south of this property and to its east. This property is strategically positioned by its existing structure and zoning rights to provide a competitive advantage to any auto sales and repair owner/operator at the property given its unique "grandfathered" rights to that continued use at the property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9113-00-00-0010
Land Assessment
$96,875
Improvements Assessment
$293,048
Total Assessment
$389,923
  • Listing ID: 19217860

  • Date on Market: 4/14/2020

  • Last Updated:

  • Address: 261 S State Road 415, Osteen, FL 32764

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