Listing Details for MLS #S5079783
809 N John Young Parkway, Kissimmee, Fl

Residential Property - Single Family Residence in Kissimmee

Listing Price: $499,000 (Mortgage Calculator →)Days on Market: 314

Description of Property

This prime commercial property for sale on John Young Parkway appears to be an interesting investment opportunity. Here are some key details to consider: Location: Being situated on John Young Parkway, a major thoroughfare, can make this property highly visible and accessible, which is often crucial for commercial real estate. Multiple Lots: The property consists of two lots next to each other, potentially providing flexibility for development or expansion. This can be advantageous for commercial projects that require more space. Rental Income: One of the lots includes a small house that is currently rented for $650 per month. This rental income can provide an immediate return on investment for the buyer. Land Size: The total land size is approximately 0.22 acres. This can be a significant asset, especially in a commercial context where land size and configuration can impact the potential uses of the property. Cash Buyers Only: The listing specifies that cash buyers are preferred, which suggests that the seller may be looking for a quick and straightforward transaction without the complexities associated with mortgage financing. As-Is Sale: The seller is selling the property in as-is condition. This means that any necessary repairs or improvements will be the responsibility of the buyer. It's essential for potential buyers to conduct a thorough inspection to assess the property's condition before making an offer. Given the commercial nature of this property, potential buyers may have various options for its use, such as retail, office space, or redevelopment for a different commercial purpose. However, it's essential to conduct due diligence, including researching local zoning regulations and land use restrictions, to ensure the property aligns with your intended commercial venture. If you're interested in this property, it's advisable to contact the seller or a commercial real estate agent for more information, to schedule a viewing, and to discuss the specific details and potential of this investment.The average asking price for a 2 bedroom/1 bath single family residence in this Zip code is $355,000. This single family residence is listed at about 141% of the average asking price. This is the only 2 bedroom/1 bath single family residence between $400,000 and $600,000 currently listed for sale in this Zip code.