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515 N Park Ave
Apopka, FL 32712
Foster's Corner · Retail Property For Sale
Investment Highlights
- STRONG YEAR 1 RETURNS WITH UPSIDE YEAR 2: The offering delivers a 7.00% Cap Rate and projects to a 9.87% Cap Rate in Year 2.
- HIGH-TRAFFIC LOCATION WITH EXCELLENT VISIBILITY: Strategically Located on N Park Ave Across From Dream Lake Elementary and Apopka Memorial Middle.
- DIVERSE TENANT MIX: The Center is Home to 9 Tenants, Including National Brands, Medical Providers, and Local Service Operators.
- NEWER CONSTRUCTION PRICED BELOW REPLACEMENT COST + DEVELOPMENT UPSIDE POTENTIAL
- SURROUNDED BY NATIONAL RETAILERS: Nearby Major Retailers Include Walmart, Publix, Lowe’s, and Wendy’s.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,288 SF
Building Class
B
Year Built
2008
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
1.90 AC
Zoning
C1 - Neighborhood Commercial
Parking
91 Spaces (4.98 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 03-2128-4682-00-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,173,959 |
Property Taxes
Parcel Number
03-2128-4682-00-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,173,959
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