$395,000

650 Main Street

ALTAMONTE SPRINGS FL, 32701

Description

RARE OPPORTUNITY to RESTORE or DEVELOP a 1 ACRE PARCEL (.968 acre) with 5 lots totaling 222' FRONTAGE X 190' DEEP. (Will NOT Separate; Sold as ONE Parcel only.) MOR-1 ZONING (mixed office residential) and NO HOA. ON *NORTHERN HALF* OF THE 5 LOTS EXISTS: 1) a 1929 Fixer Upper Home; 2) a Screened In-Ground Pool in good condition; and 3) Several Garage and Storage Buildings on site in fair condition. (Abuts parking lot of Lg. commercial bldg). *SOUTHERN HALF* OF THE 5 LOTS IS UNCLEARED (Abuts SFHs). ***Just minutes to the 414 at Maitland Ave and business area of Maitland Center.*** LIVE/WORK TOWNHOMES suggested by City of Altamonte, OR restore it to your liking to improve and enjoy the large beautiful lot, OR perhaps subdivide the South half of parcel to sell off or build on. Other MOR-1 options *may* be 5 RES TOWNHOMES or SUBDIVIDING the 5 LOTS into 3 or 4 Lots for SINGLE FAMILY HOMES. Homes across the street in Oak Springs Sub built in the 1990s have appx. values of $250-$350k. Numerous opportunities for the right Developer/Builder/Homeowner. HIGHEST AND BEST USE *MAY* BE 2-STORY OFFICE CONDOS similar to Trumbull Office Center a 1/3 mile away on .61 acres with (706 Turnbull Condo #104 sold for $204k in 2017). EXCELLENT LOCATION just 1 block off of Maitland Ave and 1 mile to 414/Maitland Blvd. See numerous attachments and City guidelines for MOR-1 Zoning. CASH purchase preferred. Will not qualify for FHA or VA. (NOTE: If Demo is Buyers objective, Seller reserves right to remove some attached historic and other items from property prior to closing.) BUYER MUST COMPLETE DUE DILIGENCE WITH CITY OF ALTAMONTE AND NOT RELY ON DATA WITHIN LISTING.

Details

MLS#O5895329
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1929
Days On Site26

Features

SQ Feet1,957
ZoningMOR-1
Acreage0.97
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Area Information
StateFL
CountySeminole
CityALTAMONTE SPRINGS
Zip Code32701
Area32701 - Altamonte Springs East
Listing VS Median (in 32701)
Price:
$395,000
low | high
Med:
$159,950
100% of Average
SqFt:
1,957
low | high
Med:
1,586
68.95758814512% of Average
$ / SqFt:
$202
low | high
Med:
$101
99.943985811613% of Average
On Site:
26
low | high
Med:
80
32.5% of Average
Listing Updated: 10/02/2020
Melanie Ladines LogoMLS Number: O5895329
Listing Provided By:
Melanie Ladines  of  FUTURE HOME REALTY INC

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