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$1,350,000
Xxx Fairview & Grove Ave, Winter Park, FL 32789
0 Beds
0 Baths
5,986 sqft

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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, Ruth’s Chris, Starbucks, Whole Foods, P.F. Chang’s, Publix, Trader Joe’s, 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
  • Price:
  • $1,350,000
  • Square Footage:
  • 5,986
  • Acreage:
  • 0.74
  • Year Built:
  • 1947
  • Listing ID #:
  • MFRG5046881
  • Street Address:
  • Xxx Fairview & Grove Ave
  • City:
  • Winter Park
  • State:
  • Florida
  • Postal Code:
  • 32789
  • County:
  • Orange
  • Community:
  • Winter Park
  • Subdivision:
  • Killarney Estates
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
2
out of 5

Killarney Elementary School
Public
School Grade Level K-5
School Students 450 students
School Teachers 15 student/
teacher
3
out of 5

Edgewater High School
Public
School Grade Level 9-12
School Students 1583 students
School Teachers 19 student/
teacher
n/a

COLLEGE PARK MIDDLE
Public
  • Approximate Total Liveable Area:
  • 4918
  • Construction Type:
  • Block
  • Exterior Features:
  • Fence, Other
  • Flooring:
  • Carpet, Ceramic Tile, Vinyl
  • Foundation:
  • Slab
  • Furnished:
  • Unfurnished
  • Interior Features:
  • Ceiling Fans(s), Eat-In Kitchen, Living Room/Dining Room Combo, Master Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Number Of Units:
  • 3
  • Stories:
  • One
  • Total # Of Buildings:
  • 3
  • Total Building Square Footage:
  • 5986
  • Type Of Roof:
  • Shingle
  • Year Built:
  • 1947
  • Annual Income:
  • 45000.00
  • Gross Income:
  • 60000
  • Conforms To Zoning:
  • R-1a
  • Federal Flood Zone:
  • X
  • Lot Features:
  • Corner Lot, City Limits, Paved
  • Lot Square Footage:
  • 32263
  • Road Type:
  • Brick, Paved
  • Can Be Leased:
  • 1
  • Days On Market:
  • 60
  • Minimum Lease Term:
  • No Minimum
  • On Market Date:
  • 2021-09-21
  • Originating Mls:
  • Mfrmls
  • Terms:
  • Cash, Conventional
  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $5,246
  • Tax Year:
  • 2020
  • Pet Allowed:
  • Yes
  • Carport Present:
  • Yes
  • Number Of Carport Spaces:
  • 3
  • Parking Description:
  • Parking Pad
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Laundry:
  • Inside
  • Sewage Type:
  • Septic Tank
  • Utilities:
  • Electricity Available, Phone Available, Public, Sewer Nearby
  • Unit 1 Square Footage:
  • 1063
  • Unit 1 Type:
  • Two Bed/Two Bath
  • Unit 2 Square Footage:
  • 1303
  • Unit 2 Type:
  • Three Bed/One Bath
  • Unit 3 Square Footage:
  • 2552
  • Unit 3 Type:
  • Four Or More Bed/Two Or More Bath
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By ROCK SPRINGS REALTY
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    The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. 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.
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