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2695 W Lake Mary Blvd - 5 Acre Development Opportunity 5.02 Acres of Commercial Land Offered at $2,400,000 in Lake Mary, FL 32746
INVESTMENT HIGHLIGHTS
- Medical/Professional Office Development Opportunity
- Strong demographics
- Located in the heart of Lake Mary close to I-4, Rinehart Rd and downtown
EXECUTIVE SUMMARY
This prime development site is approximately 5 acres with 330 feet of frontage on W Lake Mary Boulevard and a depth of 670 feet.
Front parcel (16-20-30-300-020B-0000) is 4.11 acres and is Zoned City of Lake Mary PO (Professional Office) with future land use RCOM (Restricted Commercial).
Rear parcel (16-20-30-300-020C-0000) is .91 acres and is zoned A-1 (Agricultural) with future land use LMDR (Low/Medium Density Residential).
FDOT AADT 20,500 (2024).
Owner is a licensed real estate broker in the state of Florida.
Front parcel (16-20-30-300-020B-0000) is 4.11 acres and is Zoned City of Lake Mary PO (Professional Office) with future land use RCOM (Restricted Commercial).
Rear parcel (16-20-30-300-020C-0000) is .91 acres and is zoned A-1 (Agricultural) with future land use LMDR (Low/Medium Density Residential).
FDOT AADT 20,500 (2024).
Owner is a licensed real estate broker in the state of Florida.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
$27,789
|
$5,535.66
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,789
|
$5,535.66
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $27,789 |
| Annual Per AC | $5,535.66 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $27,789 |
| Annual Per AC | $5,535.66 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,400,000 | Lot Size | 5.02 AC |
| Price Per AC | $478,087.65 |
| Price | $2,400,000 |
| Price Per AC | $478,087.65 |
| Lot Size | 5.02 AC |
Partially-wooded 5-acre assemblage
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,994,703 | |
| Land Assessment | $1,897,806 | Annual Taxes | $27,789 |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,897,806
Improvements Assessment
$0
Total Assessment
$1,994,703
Annual Taxes
$27,789
Tax Year
2024
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2695 W Lake Mary Blvd - 5 Acre Development Opportunity
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