640 Irene StOrlando, FL 32805

Property Details for 640 Irene St

Year built

1971

Lot size

0.17 AC

Property size (Sq ft)

2,320 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Auto shops

APN

29-22-29-9156-00-050

APU

292229915600050

Description

This exceptional 3,200 square foot auto shop, located at 640 Irene St, Orlando, FL 32805, presents a lucrative investment opportunity. Built in 1971, this single-story building sits on a 7,297 square foot lot and is zoned for commercial retail and auto uses. The property boasts excellent visibility and accessibility, situated just off Highway 50, a major thoroughfare with nearly 50,000 vehicles passing daily. The asking price is $750,000. The existing auto shop includes one lift and prominent signage, enhancing its operational readiness. Ample parking is available for 17 vehicles, ensuring convenience for customers and staff. This well-established business benefits from its prime location and high traffic count, making it an ideal investment for an experienced entrepreneur or a savvy investor seeking a strong return. The property's Orange County location and convenient access to Highway 50 provide exceptional exposure and accessibility. The property's APN is 29-2229-9156-00-010.

• CAP approach

  CAP return

  Valuation

  6%

  $756,618

  6.5%

  $698,416

  7%

  $648,529

• Comparable approach

  Method

  Valuation

  Relative Method

  $918,060

  Geo Method

  $918,060

• Alternative Use

  Use

  Valuation

  Residential

  $589,140

  Hospitality

  $539,649

  Educational

  $448,982

  Medical

  $464,423

  Retail

  $698,416

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5519

Longitude

-81.4317

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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