Retail Investment Opportunity
204 State Road 436, Casselberry, Florida 32707
$12,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
85,560 sqft
Land Size
7.56 acres
Zoning
C-2
Property Description
- Great opportunity to acquire large footprint retail store in high traffic location at $140 / SF
- Located on extremely busy SR 436 (Semoran Blvd) and only seconds from SR 436 and US Hwy 17-92 intersection
- Currently occupied by Old Time Pottery and offers a Year 2 (2024) NOI - $452,000; current lease ends 12/27
- Upon expiration, investor can lease out at current market rate and receive a high cash on cash return
- Old Time Pottery recently restructured and is focusing on its best performing stores
- Potential redevelopment opportunity in great location
- 200 feet of frontage on busy SR 436 (Semoran Blvd) with 54,000 AADT
- Adjacent to Oxford Square, a 58,444 SF shopping center
- Additional development opportunity - retail outparcel for restaurant, convenience store, etc.
