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Altamonte Oaks Plaza 460 E Altamonte Dr 31,635 SF 57% Leased Office Building Altamonte Springs, FL 32701 For Sale
Investment Highlights
- Room for building expansion
- Space for parking garage to be built
Executive Summary
• Investment or redevelopment opportunity with significant upside for investors or owner-users
• Altamonte Oaks: 31,635 SF Class A medical/office building on SR 436 with strong corridor visibility
• High traffic counts: exposure to approximately 63,000 AADT
• Strategic access & exposure: full-access, signalized intersection on SR 436/SR 426 enables seamless ingress/egress from all directions
• Credit anchor: investment-grade Bank of America branch
• Modernized asset: 2022 renovations, attractive atrium lobby, and high-density medical build-outs on upper floors
• Owner/user flexibility: ability to occupy the entire 3rd floor (10,738 SF) plus up to 5,247 SF on the 2nd floor, supporting phased growth
• Medical hub proximity: less than 0.5 mile from AdventHealth Altamonte, in an area supported by 385+ local physicians
• Reduced near-term CAPEX: 2015 roof with warranty through 2030, plus major 2022 improvements
• Infrastructure & connectivity: benefits from the I-4 Ultimate project and SR 436 pedestrian upgrades (widened, lighted pathways), improving access to the workforce and transit
• Transit-adjacent: convenient access to SunRail, supporting long-term tenant retention
• Below replacement cost: priced at a discount to current construction costs and pre-COVID valuations
• Future upside: 2.96-acre site provides long-term potential for additional uses or higher-density redevelopment (multifamily or commercial)
• Altamonte Oaks: 31,635 SF Class A medical/office building on SR 436 with strong corridor visibility
• High traffic counts: exposure to approximately 63,000 AADT
• Strategic access & exposure: full-access, signalized intersection on SR 436/SR 426 enables seamless ingress/egress from all directions
• Credit anchor: investment-grade Bank of America branch
• Modernized asset: 2022 renovations, attractive atrium lobby, and high-density medical build-outs on upper floors
• Owner/user flexibility: ability to occupy the entire 3rd floor (10,738 SF) plus up to 5,247 SF on the 2nd floor, supporting phased growth
• Medical hub proximity: less than 0.5 mile from AdventHealth Altamonte, in an area supported by 385+ local physicians
• Reduced near-term CAPEX: 2015 roof with warranty through 2030, plus major 2022 improvements
• Infrastructure & connectivity: benefits from the I-4 Ultimate project and SR 436 pedestrian upgrades (widened, lighted pathways), improving access to the workforce and transit
• Transit-adjacent: convenient access to SunRail, supporting long-term tenant retention
• Below replacement cost: priced at a discount to current construction costs and pre-COVID valuations
• Future upside: 2.96-acre site provides long-term potential for additional uses or higher-density redevelopment (multifamily or commercial)
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
31,635 SF
Building Class
B
Year Built/Renovated
1989/2015
Percent Leased
57%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,545 SF
Building FAR
0.25
Lot Size
2.96 AC
Zoning
CG, County - Commercial General
Parking
160 Spaces (5.06 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Controlled Access
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
10,738 +/- SF Medical Office Space available in the heart of Altamonte Springs! This space is currently a medical school and has large, exam-sized rooms, an X ray room and plenty of plumbing.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 2,999 SF | Office | - | Now |
| 3rd Floor | 10,738 SF | Office/Medical | Full Build-Out | Now |
2nd Floor
| Size |
| 2,999 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 10,738 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 2,999 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Floor
| Size | 10,738 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
10,738 +/- SF Medical Office Space available in the heart of Altamonte Springs! This space is currently a medical school and has large, exam-sized rooms, an X ray room and plenty of plumbing.
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Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 12-21-29-5BE-0000-5640 | Improvements Assessment | $154,114 |
| Land Assessment | $2,288,088 | Total Assessment | $2,442,202 |
Property Taxes
Parcel Number
12-21-29-5BE-0000-5640
Land Assessment
$2,288,088
Improvements Assessment
$154,114
Total Assessment
$2,442,202
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Altamonte Oaks Plaza | 460 E Altamonte Dr
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