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xxx Fairview & Grove Avenue

Winter Park, FL 32789
  • $1,350,000
  • STATUS: Pending
  • ON SITE: 116 Days
  • MLS #: G5046881
Pending
$1,350,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,918
    SQFT
  • $275
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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. 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 all could also be converted into small Professional Offices. The property 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. COMMERCIAL REDEVELOPMENT is another option as this property is contiguous to the Hill Gray Seven Redevelopment Project of the Ranch Mall & proposed Hotel Project to the North. Contiguous with R-3 Zoning which would allow higher density for a high-end Townhome or Condo Project. 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, Ruths Chris, Starbucks, Whole Foods, P.F. Changs, Publix, Trader Joes, Walgreens, Chipotle, Olive Garden, Wawa. Please do not disturb existing tenants. Rental Income & expenses in listing is seller projected from prior residential leases. Property taxes included in the listing is only for 1310 Fairview Ave. 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

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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-01-15T23:40:11.207.
www.thekardoshteam.com/homes/121620132
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xxx Fairview & Grove Avenue Winter Park, FL 32789

  • Price: $1,350,000
  • Status: Pending
  • On Site: 116 Days
  • MLS #: G5046881
0
Beds
0
Baths
0
½ Baths
0.74
Acres
4,918
SQFT
$275
$/SQFT
1947
Built
Neighborhood:
Killarney Estates
County:
Orange
Area:
Winter Park
Elementary School:
Killarney Elem
Middle School:
College Park Middle
High School:
Edgewater High
Property Description
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. 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 all could also be converted into small Professional Offices. The property 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. COMMERCIAL REDEVELOPMENT is another option as this property is contiguous to the Hill Gray Seven Redevelopment Project of the Ranch Mall & proposed Hotel Project to the North. Contiguous with R-3 Zoning which would allow higher density for a high-end Townhome or Condo Project. 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, Ruths Chris, Starbucks, Whole Foods, P.F. Changs, Publix, Trader Joes, Walgreens, Chipotle, Olive Garden, Wawa. Please do not disturb existing tenants. Rental Income & expenses in listing is seller projected from prior residential leases. Property taxes included in the listing is only for 1310 Fairview Ave. 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
Exterior Features

Carport Spaces 3 Carport Yn Yes Construction Materials Block Covered Spaces 3 Exterior Features FencedOther Foundation Details Slab Lot Features Corner LotCity Lot Open Parking YN No Parking Features Parking Pad Pool Private Yn No Road Surface Type Paved Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Additional Rooms AtticBreakfast Room SeparateFormal Dining Room SeparateFormal Living Room SeparateInside UtilityStorage Rooms Building Area Total 5986 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring CarpetCeramic TileVinyl Furnished Unfurnished Heating Central Heating YN Yes Interior Features Ceiling Fans(S)Eating Space In KitchenLiving Room/Dining Room ComboMaster Bedroom Main FloorSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(S)Window Treatments Laundry Features Inside Levels One Sewer Septic Tank Water Source Public

Property Features

Annual Net Income 45000 Association Approval Required Yn No Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventional Minimum Lease No Minimum New Construction Yn No Ownership Fee Simple Pets Allowed Yes Property Attached YN No Property Sub Type Triplex Realtor Info Brochure AvailableNo Sign Senior Community Yn No Special Listing Conditions None Tax Annual Amount 5246 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity AvailablePhone AvailablePublicSewer Nearby Yrs Of Owner Prior To Leasing Re No Zoning R-1A


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Rock Springs Realty, Llc.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-01-15T23:40:11.207.
 
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