407-377-4050
460 E Altamonte Dr, Altamonte Springs, FL for Sale
Medical - FOR SALE
1/11
null | Request Cap Rate

460 E Altamonte Dr
Altamonte Springs, FL 32701


HIGHLIGHTS

  • Room for building expansion
  • Space for parking garage to be built

OVERVIEW

• Investment or redevelopment opportunity with significant upside for investors or owner-users • Altamonte Oaks: 31,635 SF Class A medical/office building on SR 436 with strong corridor visibility • High traffic counts: exposure to approximately 63,000 AADT • Strategic access & exposure: full-access, signalized intersection on SR 436/SR 426 enables seamless ingress/egress from all directions • Credit anchor: investment-grade Bank of America branch • Modernized asset: 2022 renovations, attractive atrium lobby, and high-density medical build-outs on upper floors • Owner/user flexibility: ability to occupy the entire 3rd floor (10,738 SF) plus up to 5,247 SF on the 2nd floor, supporting phased growth • Medical hub proximity: less than 0.5 mile from AdventHealth Altamonte, in an area supported by 385+ local physicians • Reduced near-term CAPEX: 2015 roof with warranty through 2030, plus major 2022 improvements • Infrastructure & connectivity: benefits from the I-4 Ultimate project and SR 436 pedestrian upgrades (widened, lighted pathways), improving access to the workforce and transit • Transit-adjacent: convenient access to SunRail, supporting long-term tenant retention • Below replacement cost: priced at a discount to current construction costs and pre-COVID valuations • Future upside: 2.96-acre site provides long-term potential for additional uses or higher-density redevelopment (multifamily or commercial)

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Altamonte Oaks Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

CG, County

APN/PARCEL ID

12-21-29-5BE-0000-5640

ASK ABOUT THIS PROPERTY

Josh Smith SIORHarbert Realty ServicesMore Info
407-377-4050

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Josh Smith SIORHarbert Realty ServicesMore Info
407-377-4050

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