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W 7th St
Chuluota, FL 32766
1/2 Ac Land for MEDICAL/Office Property · Land For Sale · 0.50 AC

INVESTMENT HIGHLIGHTS

  • Local 1/3/5 mile radius household incomes are range from around $127,000 - $99,000 - a strong upper middle class area.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Office
Total Lot Size 0.50 AC
Zoning PUD

DESCRIPTION

A 1/2 acre land site with fully engineered plans for a 2,500 SF "shell medical/office building". Possible for an owner user not needing 2,500 SF of space, to utilize a portion of the building, create a second unit for rental income to offset real estate costs and enhance value. Parking ratio for the engineered site plan is 4.4 spaces per 1,000 SF (a strong ratio). The land site sits strategically fronting SR 419 at an intersection with a full median cut which allows for ingress/egress all directions from W 7th St from/onto State Road 419. It is a possibility, due to the east/west impact of 7th Street, on the community, a signalized intersection is possible for this site. A buyer can either purchase the land with entitlements ($149,000) or work with the seller on a build-to-suit to vanilla shell ($900,000) for their concept. A fully completed architectural plan to support the buyer's use of the building can be implemented by the seller based upon the additional cost to deliver the buyers specific floorplan/use requirement. Oviedo continues to pursue an easterly development direction along the SR 419 corridor. A Publix was recently delivered a short distance away from this site.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-21-32-5CF-5200-0010
Land Assessment
$111,327
Improvements Assessment
$0
Total Assessment
$111,327
  • Listing ID: 15690857

  • Date on Market: 4/10/2019

  • Last Updated:

  • Address: W 7th St, Chuluota, FL 32766

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