Description
Price | $1,325,000 | Sale Conditions | Owner-User/ Investment |
Property Type | Retail | No. Stories | 2 |
Property Sub-type | Year Built / Renovated | 1971 / 2018 | |
Building Class | B | Parking Ratio | |
Sale Type | Investment | Zoning Description | Commercial |
Cap Rate | APN / Parcel ID | ||
Lot Size | 18.711 SF | Walk Score ® | 19 (Car-Dependent) |
Gross Leasable Area | 11,341 SF |
Description
Subject Property is a recently renovated, mixed-use, two-story retail/office located in the heart of downtown Lake Mary, Florida. Occupying a corner lot, Subject benefits from the SunRail station traffic on Crystal Lake Avenue and high traffic counts on Lake Mary Boulevard of nearly 26,000± vehicles per day. The site is occupied by a 11,341± square foot mixed-use two-story building fully occupied by eight tenants. The largest tenants are Olde Towne Cyclery occupying 2,200± square feet and Hope Faith Church occupying 5,000 square feet.
Highlights
- Located within Lake Mary’s Transit Oriented Development (TOD) Area
- Huge Upside Potential in Upscale Downtown Lake Mary
- Recently Renovated Roof, Structure, Exterior
- Approximately 1,200± Feet from SunRail Lake Mary Station
- Corner Lot | Fully Occupied Building
- AHHI of $101K+ within One-Mile | $86K+ within Five-Miles
- 166,434± People Within Five-Miles
Sale Notes
FL Retail Advisors is pleased to present for sale the Country Club Retail Center, located in Orlando, Florida.
Subject Property is a recently renovated, mixed-use, two-story retail/office located in the heart of downtown Lake Mary, Florida. Occupying a corner lot, Subject benefits from the SunRail station traffic on Crystal Lake Avenue and high traffic counts on Lake Mary Boulevard of nearly 26,000± vehicles per day. The site is occupied by a 11,341± square foot mixed-use two-story building fully occupied by eight tenants. The largest tenants are Olde Towne Cyclery occupying 2,200± square feet and Hope Faith Church occupying 5,000 square feet.
Subject Property is conveniently located just 0.2 miles – approximately a five minute walk – from the Lake Mary SunRail station. The station is located at the intersection of Crystal Lake Avenue and First Avenue, adjacent to Stairstep Park. It is also close to the city’s municipal services complex, a restaurant and retail center, several additional parks and Seminole State College’s Sanford/Lake Mary campus. Surrounding residential neighborhoods and planned expansion of the city center are also within walking distance of the Lake Mary SunRail Station.
Lake Mary is a suburban city in Seminole County, Florida. It is part of the Orlando-Kissimmee- Sanford Metropolitan Statistical Area. Lake Mary has undertaken important steps to vision planning for creating a Town Center at their station. With the plan complete, realizing a new pattern of development consistent with a transit oriented vision inevitably requires raising the focus on implementation and nurturing public-private partnerships such as a development offering to start implementation of the plan.
Major Tenant Information
Tenant | SF Occupied | Lease End Date |
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Amenities
Bus Line | Signage |
Dedicated Turn Lane | Signalized Intersection |
Pylon Sign |
Traffic
Collection Street | Cross Street | Traffic Vol | Year | Distance |
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