Properties

Altamonte Oaks Investment Sale

460 E. Altamonte Dr
Altamonte Springs, FL 32701

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Investment or Redevelopment Opportunity

Location

 Features a full-access traffic signal directly on SR 436

Asking Price

Call For Pricing

Size

31,635 ± SF

Anchor Tenant

Bank of America

Property Details

Overview
  • Altamonte Oaks is a premier 31,635 SF Class A medical/retail building offering significant upside for investors or owner-users. Located on SR 436, the property benefits from massive traffic counts and proximity to major demand drivers like AdventHealth. Anchored by an investment-grade Bank of America branch, the building features modern 2022 renovations, an attractive atrium lobby, and high-density medical build-outs on the upper floors. With a generous parking ratio and easy SunRail access, this property is perfectly positioned for long-term tenant retention.
Highlights
  • Strategic Access & Exposure: Features a full-access traffic signal directly on SR 436, providing seamless ingress/egress for all directions and exposure to 63,000 AADT.
  • Immediate Owner/User Potential: Opportunity to occupy the entire 3rd floor (10,738 SF) and up to 5,247 SF on the 2nd floor, offering a flexible path for an owner-user to scale operations.
  • Medical Hub Proximity: Situated less than a half-mile from AdventHealth Altamonte, benefiting from a high concentration of over 385 local physicians.
  • Reduced Capital Exposure: Major 2022 renovations and a 2015 roof (under warranty through 2030) significantly limit near-term CAPEX requirements.
  • Infrastructure & Connectivity: Capitalizes on the I-4 Ultimate project and newly completed SR 436 pedestrian improvements (widened/lighted pathways), enhancing access to the regional workforce.
  • Below Replacement Cost: Offered at a significant discount to current construction costs and pre-COVID valuations, ensuring a competitive basis for the next owner.
  • Future Upside & Development: The 2.96-acre site offers long-term potential for additional uses or high-density redevelopment, including multi-family or commercial.

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