This is a portfolio sale of 2 adjacent parcels w/ 3 buildings. The 2 parcels could potentially be sold separately, #1841 for $$1,25M & #1831 for $500K. 1841 W Fairbanks Ave. is a 7,921SF C-3 lot with a 2,400SF Class A medical building. It was fully rebuilt, and it is currently a luxury medical spa and a hair styling studio (adjacent spaces with separate entrances). Trey ceilings, tile floors, elegant front desk and waiting area, 7 treatment rooms, all with sinks (1 has a shower), 3 bathrooms, break down and laundry rooms. 1831 is a 5,287SF C-3 lot with 2 buildings, 1,322ST & 476SF spaces that are used for storage and need extensive rehab. The opportunities are endless, whether it's owner occupied or an investment. The assemblage could be fully redeveloped or 1841 could become a 2 story 4,800SF facility with the adjacent lot of 1831 providing additional parking. There is a large scale, high cost medical development project in progress next door and one across the street that will further be increasing values and returns on the investment. High visibility with great signage on a busy thoroughfare in a high income economic area. The business are actively operating and they do not convey, they will be relocating. The cap rate was not included in the listing due to the fact that the owner is the operator.

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Location Information

Road Frontage["City Street"]

Basic Information

Property SubTypeRetail
Virtual TourView Tour

Property

Living Area 4198
ZoningC-3

Utilities

Cooling Central Air
Water Source Public

Water Body

MFR Water Access YN No
MFR Water View YN No

Other

Date Listed07/27/2023
MFR Flood Zone Code X
View Count8

Basic Information

List Price$1,775,000
MLS NumberO6129752
Mls Status Active
StatusACT

Building

Building Area Source Public Records
Garage Spaces
Levels One
MFR Ceiling Height 10 to 15 Feet
Stories1
Year Built1955

Property Information

Acreage0.3
Construction Materials Block
Lot Size Dimensions 100x132
Lot Size Square Feet 13,208
MFR Adjoining Property Commercial
MFR Total Acreage 1/4 to less than 1/2
Number Of Lots 2
Square Feet4,198

Tax Information

Tax Year 2022
Taxes$9,081

Location

Address1841 W Fairbanks Avenue
AreaWinter Park
Building Number1841
CountyOrange
StateFL
StreetFairbanks
SubdivisionKarolina On Killarney
TownWinter Park
Township 22
Zip32789

Legal

Listing Agreement Exclusive Agency
Parcel Number 12-22-29-4076-04-200
Tax Legal Description KAROLINA ON KILLARNEY M/105 LOT 20 (LESSS 15 FT THEREOF FOR RD R/W) & E1/2 OF LOT 19 BLK D (LESS RD R/W ON S) & KAROLINA ON KILLARNEY M/105 LOT 21 BLK D

Based on information submitted to StellarMLS as of October 3, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1841 W Fairbanks AvenueWinter Park, FL 32789MLS Number O6129752

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