Lake Howell Square Medical Center

Owner/User Medical Office with cash flow. Situated in Casselberry on Lake Howell, this unique medical office development was constructed in 1981 consists of 10,000 +/ square feet with five (5) separate suites. Four suites are leased to medical practitioners and Suite 1200 is currently vacant comprised of 2,380 +/- square feet. The property, known as Lot B, is zoned CG, Commercial-General, City of Casselberry. Lot A consists of 0.92 acres of similarly zoned land and enjoys approximately 150 +/- feet of frontage on State Road 436. Lot A can be sold separately for $300,000 or is included in the entire sale offering at $1,280,000 or $128 per square foot. 74 parking spaces with room to expand, 7.4 spaces / 1,000 SF. Projected Gross income is $110,000 (+/-) with 76% occupancy and current operating expenses are $60,000 (+/-). Two of the tenants will commit to a three (3) year lease at market rental rate prior to sale.

The subject property is located on the east side of State Road 436 (Semoran Blvd.), immediately south of Red Bug Lake Road in the City of Casselberry. Howell Branch Road is about one (1) mile due south and Interstate 4 via SR 436 is about 5.5 miles from the subject property. Florida Hospital Altamonte is 4.5 miles, the new Oviedo ER and Hospital is about 7.2 miles and Winter Park Memorial Hospital is about 4 miles from the subject property.