407 Lake Howell Rd - Medical FOR SALE


Maitland, FL 32751
$1,275,000 USD
407-304-7068
407 Lake Howell Rd, Maitland, FL for Sale
$1,275,000 USD
Medical - FOR SALE
1/19
null | 7.29% Cap Rate

407 Lake Howell Rd
Maitland, FL 32751


HIGHLIGHTS

  • This Property is "1031-Friendly"!
  • Many Possible uses and is an excellent investment for an absentee owner
  • Surrounded by medical buildings -Location is Excellent-Located In the City of Casselberry with a Maitland address

OVERVIEW

This building is presently rented as a professional office suite operation consisting of 24 suites(rented mo to mo) many of the suites are rented to hair dressers, it has approx 29 lighted parking spaces(front and back), 3 lobbies, 1 kitchen , 5 restrooms, and a conference room. Newer roof and several central air conditioner units. It stays rented and has many professionals that have been in the building for many years. The building is located just 2 blocks from HWY 436 and is surrounded by many doctor offices. The building has been updated and remodeled. A floor plan, proforma and survey are attached. THIS PROPERTY IS PRICED FOR A QUICK SALE- WAS REDUCED FROM $1,600,000! The seller may consider holding a short term first mortgage. THIS BUILDING IS "1031-FRIENDLY!! The owner is a broker and will be happy to discuss the building at anytime.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Lake Howell Building (1031 Friendly)

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

OR

APN/PARCEL ID

28-21-30-300-0270-0000

ASK ABOUT THIS PROPERTY

Baron LuckenbachBaron R. Luckenbach BrokerageMore Info
407-304-7068

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Baron LuckenbachBaron R. Luckenbach BrokerageMore Info
407-304-7068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.