Winter Park, FL 32789,xxx FAIRVIEW & GROVE AVE
Winter Park, FL 32789,xxx FAIRVIEW & GROVE AVE
Winter Park, FL 32789,xxx FAIRVIEW & GROVE AVE
Winter Park, FL 32789,xxx FAIRVIEW & GROVE AVE
Winter Park, FL 32789,xxx FAIRVIEW & GROVE AVE
Winter Park, FL 32789,xxx FAIRVIEW & GROVE AVE
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$1,300,000

$1,350,000

3.7%
Est.Price: ?

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Est. payment /mo

4,918 SqFt


SOLD DATE : 03/14/2022

Key Details

Sold Price $1,300,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 4,918 sqft

Price per Sqft $264

Subdivision Killarney Estates

MLS Listing ID G5046682

Sold Date 03/14/22

Construction Status No Contingency

HOA Y/N No

Year Built 1947

Annual Tax Amount $5,036

Lot Size 0.740 Acres

Acres 0.74

Property Description

COMMERCIAL REDEVELOPMENT OR INCOME OPPORTUNITY ON PRIME .75+/- ACRES JUST OFF HWY 17/92 IN WINTER PARK, FL 32789. Located just off the commercial corridor between Fairbanks Ave. & Lee Road, this property is contiguous to the Hill Gray Seven Redevelopment Project of the Ranch Mall & proposed Hotel Project to the North. Also contiguous with R-3 Zoning which would allow higher density for a high-end Townhome or Condo Project. The sale includes three separate Single Family Residence (349 Grove Ave. Winter Park FL 32789, 337 Grove Ave. Winter Park FL 32789, 1310 Fairview Ave. Winter Park FL 32789) which could also be converted into small Professional Offices. The unit at 1310 Fairview Ave. is set-up & was previously operated as a small ACLF/Nursing Home. Looking for cash flow? This could also be perfect for the Investor looking to produce passive income in single family rentals. The location resides in the high net-worth demographics of Winter Park 32789. Corner & Mid-block parcels, existing curb cuts & full utilities already at the site. Entitlements for redevelopment are fully achievable. Trade area includes: REI, Ruth’s Chris, Starbucks, Whole Foods, P.F. Chang’s, Publix, Trader Joe’s, Walgreens, Chipotle, Olive Garden, Wawa. Please do not disturb existing tenants. PRICED TO SELL! EXACT SAME SIZE COMPARABLE SALE CLOSED NEXT DOOR TO THE SUBJECT PROPERTY IN MARCH OF 2020 FOR $1,810,000.00. SEE ATTACHED OFFERING MEMORANDUM, OR CALL TO HAVE ONE EMAILED!

Location

State FL

County Orange

Community Killarney Estates

Zoning R-1A

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Ceramic Tile, Vinyl

Exterior

Parking Features Parking Spaces - 6 to 12

Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Public, Sewer Nearby

Roof Type Shingle

Building

Lot Description Central Business District, Corner Lot, City Limits, Paved

Story 1

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Water Public

Structure Type Block

New Construction false

Construction Status No Contingency

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by ROCK SPRINGS REALTY, LLC
Bought with STELLAR NON-MEMBER OFFICE

GET MORE INFORMATION

John Reay

Group Founder / Realtor® | License ID: 3102687

+1(239) 356-1162

4636 SE 9th Pl, Cape Coral, FL, 33904, USA

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