4,000 sf- Retail/ Office- Winter Park

  SOLD December 2017 for $645,000

800 Formosa Avenue, Winter Park, Florida 32789


Documents
Building Size4,000 Square Feet
Land Size0.5 Acres
ZoningAC-N
Parking25-30 spaces
WaterThree meters
ElectricThree meters
Year Built1975
ConstructionConcrete Block
DivisibleThree entrances

CONFIDENTIAL LISTING. DO NOT DISTURB TENANTS.

Everybody loves options, and this property has many of them. The building was originally built for three users, so there are three front and rear doors, three electric meters and three water meters. A user who doesn't need the whole 4,000 sf, can rent out the extra space for additional income while their business grows. Preferential rates on SBA loans available for users of 51% or more of a property.

The building is currently used as a spa and a salon, using 3,000 sf and 1,000 sf for each, respectively. A buyer could walk-in and use either of the sides for an existing business. The whole building has very nice finishes. The spa side includes two high-end locker rooms with showers, and large capacity commercial washers and gas dryers, which could be included in the purchase. On-site propane tanks minimize the cost of these units, along with instant-on hot water heaters. Extensive plumbing to many of the rooms make for a perfect medical office.

The relatively shallow depth of 50 feet gives a lot of frontage for each business. About 30 parking spaces make it easy for employees and customers. The property has a Winter Park address but is actually with in the city limits of Orlando. It has a "AC-N" (Activity Core- Neighborhood) zoning, allowing for many uses including office, retail, and professional services. (See attached zoning code excerpt.) The property is south of the intersection of Fairbanks and Formosa, where redevelopment plans are being finalized for new hotels, offices and apartments. The land itself is about half an acre (21,000 sf) and as the area continues to be redeveloped, this property will be right in the middle of it.

All information in this listing is obtained from sources deemed reliable, but not warranted.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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