650 Main Street

650 Main Street, Altamonte Springs, FL 32701 MLS# O5895017 Residential Listing Status: Pending
3
2
1,957 sqft
65
1
0
0

REMARKS:

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 Buyer’s 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.

OVERVIEW:

Residential
Single Family Residence
Pending
Historical
Stewarts Sub
1929
Crawlspace
Shingle
Block, Wood Frame
1957
42180
0.97
222x190
FloodZone, In City Limits, Level/Flat, Oversized Lot, Street Paved
1/2 to less than 1
3
Driveway, Garage Door Opener
Central, Electric
Central Air
Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Shed(s), Storage, Workshop

FEATURES:

Lighting
Ceiling Fans(s), Eating Space In Kitchen, Master Bedroom Downstairs, Split Bedroom
Living Room, Wood Burning
Gunite, In Ground, Screen Enclosure
Range, Refrigerator
None
Carpet, Vinyl, Wood
Trees/Woods

ROOM INFO:

3
2
Breakfast Room Separate, Den/Library/Office, Family Room, Inside Utility

FINANCIAL:

$395,000
$3,931
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

 

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Data Last Updated: 11/29/2020, 7:46:13 AM

 

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