Retail/Office Mixed-Use | Two-Story, Recently Renovated BLDG | Orlando FL MSA

109 E Crystal Lake Avenue Lake Mary, FL 32746

109 E Crystal Lake Avenue, Lake Mary, FL, 32746
Subject
109 E Crystal Lake Avenue, Lake Mary, FL, 32746 109 E Crystal Lake Avenue, Lake Mary, FL, 32746
FOR SALE
Property Type:
Mixed Use
Amount:
$1,325,000
Cap Rate:
8.42%
Last Verified:
Oct 07, 2020

Country Club Retail Center is a recently renovated, mixed-use, two-story retail/office located in the heart of upscale downtown Lake Mary, Florida. Occupying a corner lot, Country Club Retail Center 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. 

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. 

Investment 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
  • Upside in Below Market Rents
  • 166,434± People Within Five-Miles
  • AHHI of $101K+ within One-Mile | $86K+ within Five-Miles

Additional URLs

Map of 109 E Crystal Lake Avenue, Lake Mary, FL, 32746

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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