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26922548
26922536

206 S Beaumont Ave, Kissimmee, FL 34741

JP
FL BK3212919
La Rosa Realty
Listed by La Rosa Realty
Unpriced
261 days on market
Updated 22 days ago

Excellent Multifamily Development Opportunity

Details
APN 28-25-29-1920-0003-0010
Property Type Multifamily, Land
Sub Type Apartment Building, Commercial
Units 60
Cap Rate 6.50%
Tenancy Single
Price per SqFt $33
Broker Co-Op No
Class A
Year Built 1905
Acreage 1.230
Zoning Commercial Buisness District
Investment Type Redevelopment

“As Vacant” – Based on the economic and real estate market conditions, the size of the subject land

Marketing description

he subject property site on which the subject professional office building (former house) is located is rectangular in shape and contains a total of 1.23 acres or 53,579 square feet and this site includes 170 feet of frontage along the south side of Patrick Street and 315 feet of frontage along the west side of S. Beaumont Ave. The site is generally at grade with S. Beaumont Ave. and has been improved with a single-story professional office building, which was constructed in 1901. The site has a single improved access driveway on the west side of S. Beaumont Ave. The site utilizes electric services from the Kissimmee Utility Authority (KUA) and public water and sanitary sewer services provided by the TOHO Water Authority.

The subject site was improved with a single-story professional office building (former house) with approximately 2,289 net square feet, built in 1901, which was in fair condition on the date of inspection. Additional improvements include a paved parking area with 12 parking spaces, decorative picket fencing, concrete sidewalks and curbs, a tenant sign and landscaping. Stormwater retention is provided by the City of Kissimmee Municipal Services.

According to the FEMA Flood Map Panel 12097C006G, dated June 18, 2013, the subject site is located within Flood Zone “X”, which is an area outside the historic flood plain.

T4-O, Neighborhood Open, City of Kissimmee, FL

MU-D, Mixed Use Downtown, City of Kissimmee, FL

“As Vacant” – Based on the economic and real estate market conditions, the size of the subject land parcel (1.23 acres) and the location of the subject, proximate to the Osceola County Courthouse complex within the commercial business district of the city of Kissimmee, the highest and best use of the subject site would be for potential redevelopment of the property for governmental or mixed use retail/office or small multi-family development to an allowed build-out under current zoning and as directed by market demand.

Investment highlights

Excellent opportunity to devlop multifamily 30-60 units

Adjacent Land for sale, making it 2.0+ acres

Could build office building (next to the osceola court house

It is not considered a landmark, but it most follow procedure to demolish existing houe

Listing Contacts

JP
FL BK3212919
La Rosa Realty
Listed by La Rosa Realty

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Additional Information

Name
JM Padron, CCIM, MRICS
License
BK3212919
Brokerage
La Rosa CRE
Brokerage Phone
407-955-2677
Brokerage Address
1420 Celebration Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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