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460 E Altamonte Dr
Altamonte Springs, FL 32701
Altamonte Oaks Plaza · Office Property For Sale

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Investment Highlights

  • Room for building expansion
  • Space for parking garage to be built

Executive Summary

Investment or Redevelopment Opportunity
Altamonte Oaks is a premier 31,635 Class A medical/retail building offering significant upside for investors or owners-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 high0-density medical build-outs on the upper floors. With a generous parking ratio and easy SunRail access, the property is perfectly positioned for long-term tenant retention.
* Strategic Access & Exposure: Features a full-access traffic signal directly on SR 426, 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 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 Advent Health 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 SR436 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-densty redevelopment, including multi-family or commercial.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
31,635 SF
Building Class
B
Year Built/Renovated
1989/2007
Percent Leased
57%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,545 SF
Building FAR
0.25
Lot Size
2.96 AC
Zoning
CG, County - Commercial General
Parking
160 Spaces (5.06 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Controlled Access
  • Signage
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
12-21-29-5BE-0000-5640
Land Assessment
$3,170,832 CAD
Improvements Assessment
$213,571 CAD
Total Assessment
$3,384,404 CAD
  • Listing ID: 39230754

  • Date on Market: 2025-07-23

  • Last Updated:

  • Address: 460 E Altamonte Dr, Altamonte Springs, FL 32701

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