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587 E State Road 434 - Longwood Office Park, Longwood, FL
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587 E State Road 434 - Longwood Office Park
Longwood, FL 32750-5201 - Longwood Submarket
Existing , Renov 1998
For Sale Price:
This property has 1 condo for sale.
Free Surface spaces are available; Ratio of 8/1,000 SF
Bus Line, Signage
Condos For Sale:
This auction is for the bulk sale of 4 office condominium units in Building 587 of Longwood Office Park, a three-story structure of ± 75,000 SF total (± 25,000 SF per floor) designed for use by multiple occupants. Two 1st floor units (Units 1011 and 1071) were previously sold; the remainder of the 1st floor space, collectively known as Unit 1000, consists of ± 14,674 SF total (± 9,594 SF usable) located on the west side of the first floor. Unit 1000 is comprised of Unit 1021 (± 4,590 SF - leased), Unit 1033 (± 1,552 SF - vacant), Unit 1045 (± 1,677 SF - vacant), and Unit 1063 (± 1,775 SF - vacant) along with the common area consisting of lobby areas, a break room, elevators, mechanical rooms, and a men's and women's restroom. Unit 1021, located at the west entrance on the ground floor, was finished out as professional office space and was leased in January 2013 (est.) for just over 7 years (see downloadable lease agreement). Unit 1001 (± 3,006 SF), also located on the 1st floor, was previously under contract to be built out as a doctor's office and is in "shell" condition. Most of the plumbing, HVAC, and framing was completed. An owner/user could complete these improvements or create a new custom suite. The unit is located in the southeast corner of the building along the window line allowing for good natural light.
Units 2000 and 3000 (each ± 25,000 SF) are located on the 2nd and 3rd floors and are in "shell" condition. Both units, formerly utilized as a call center, are accessed directly by an elevator and contain large open areas perfect for cubicles. The perimeters are built out with offices along the windows and common restrooms in the center near the elevator shaft. These spaces are in need of renovation but create an opportunity for one or more users to own entire floors. These spaces could also be renovated to accommodate multiple tenants.
Longwood Office Park is situated on a ± 5.49-acre parent site and contains 2 freestanding multi-tenant buildings constructed in 1983. In 2007, the buildings were converted to condominium ownership, and four of the units (± 13,356 SF total) were subsequently sold.
CLICK HERE TO CONTACT THE BROKER
CONDO SALE CONTACTS
Lincoln Property Company
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