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The Depot Altamonte Springs 1159 E Altamonte Dr

7,224 SF 100% Leased Retail Building Altamonte Springs, FL 32701 $1,700,000 ($235/SF) 7.33% Cap Rate

Retail Buildings Florida Altamonte Springs 1159 E Altamonte Dr, Altamonte Springs, FL 32701

Executive Summary

The Depot Business Center in Altamonte Springs presents an incredible investment opportunity to acquire a prime, multitenant, free-standing multi-use building; retail, office, and commercial. This one-story establishment provides an ideal setting for small and medium businesses. The property offers several perks, including ample surface parking and monument signage. 1159 E Altamonte Drive provides unparalleled convenience for entrepreneurs since it is directly across from several high-traffic retail complexes. Businesses will thrive in this vibrant area, benefiting from exceptional visibility with an average of 48,500 daily vehicles passing along Altamonte Drive. Additionally, The Depot's strategic positioning, just over 2 miles from Interstate 4, ensures optimal connectivity to Orlando's metro area. The property is only 13 miles from Orlando Sanford Airport (SFB) and a 30-minute drive from Orlando International Airport (MCO) and only 1.6 miles away from the Altamonte Mall.
The property features a new roof that was re-done in 2023 and is under a 10-year warranty and new exterior painting.

Attachments

Flyer CRE The Depot_Florida Connexion

Data Room Click Here to Access

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,224 SF
Building Class
B
Year Built
2001
Price
$1,700,000
Price Per SF
$235
Cap Rate
7.33%
NOI
$124,610
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
0.79 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MOC-2 - Commercial
Parking
33 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
200 FT on Altamonte Dr

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1105
  • 1,385 SF
  • Office/Retail
  • -
  • 30 Days

Exeptional renovated office, featuring modern vinyl flooring and painting. Corner unit.

  • 1107
  • 1,372 SF
  • Office/Retail
  • -
  • 30 Days

Exeptional renovated office, Two individual offices , Storage and two individual restrooms, featuring modern vinyl flooring and painting. Corner unit.

Space Size Space Use Position Available
1105 1,385 SF Office/Retail - 30 Days
1107 1,372 SF Office/Retail - 30 Days

1105

Size
1,385 SF
Space Use
Office/Retail
Position
-
Available
30 Days

1107

Size
1,372 SF
Space Use
Office/Retail
Position
-
Available
30 Days

1105

Size 1,385 SF
Space Use Office/Retail
Position -
Available 30 Days

Exeptional renovated office, featuring modern vinyl flooring and painting. Corner unit.

1107

Size 1,372 SF
Space Use Office/Retail
Position -
Available 30 Days

Exeptional renovated office, Two individual offices , Storage and two individual restrooms, featuring modern vinyl flooring and painting. Corner unit.

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Nearby Major Retailers

Fairwinds Credit Union
Cross Fit Battlecry
ALDI
Krystal
Checkers
Winn-dixie Wine & Spirits
Starbucks
BJs Wholesale Club
Fifth Third Bank
Steak ‘n Shake
(407) 574-2636

  • Listing ID: 32985613

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 1159 E Altamonte Dr, Altamonte Springs, FL 32701

The Retail Property at 1159 E Altamonte Dr, Altamonte Springs, FL 32701 is currently available For Sale. Contact Florida Connexion Properties LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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The Depot Altamonte Springs | 1159 E Altamonte Dr
(407) 574-2636 x

The Depot Altamonte Springs | 1159 E Altamonte Dr

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Danilo Aquino

(407) 574-2636

(407) 574-2636

Rosana Almeida

(407) 468-5600

(407) 468-5600

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