Active

$1,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 4551 sq ft
Overview
  • ID: MFRS5155353
  • Bedrooms:
  • Bathrooms: 0
  • Size: 4551 sq ft
Property Details
Remarks
PRIME MEDICAL CORRIDOR LOCATION * Investment opportunity: 4,551 SF medical/professional office building on a corner lot one block off Hwy 192, positioned between two hospitals — Persan Professional Plaza, 323-327 W. Cypress St, Kissimmee, FL 34741. Zoned T4-O. Future Land Use: MU-V (Mixed-Use – Vine Street Overlay). Three addressable units (323, 325, 327 W. Cypress) under one roof, each separately metered for electric and water. The building offers approximately 26 individual rooms configured as exam rooms, private offices, and clinic space, plus 6 restrooms, a dedicated waiting room, and multiple reception/lobby areas — built out for medical use throughout its history. New roof (2026). 19 parking spaces including handicap. Building-mounted signage in place. Flexible leasing: available as a single unit, two combined units, or the entire building. Approximate unit sizes range from ±1,400 – 1,700 SF per individual unit up to the full 4,551 SF for all three combined (unit-by-unit square footage approximate) Unit configuration: 325 and 327 each have separate exterior entrances and share an interior connecting door, allowing them to be leased/operated together (±2,900 – 3,200 SF combined) or independently. 323 is a standalone unit, currently occupied on a month-to-month lease at a rate below current market — upside on renewal or re-lease. 325 and 327 are currently vacant, offering an owner-user opportunity or lease-up potential at market rents. The T4-O zoning conditionally permits office and medical/professional office use, and the MU-V future land use designation supports the property's continued use while offering long-term redevelopment potential under the City's Vine Street corridor revitalization plan (up to 6.0 FAR / 40 du per acre at the project level, subject to City approval). Ideal for medical, dental, or professional office use, an investor seeking value-add through lease-up and rent repositioning, or a healthcare group wanting a multi-suite footprint near two hospitals.
Financial Considerations
Price:
$1,500,000
HOA Fee:
N/A
Tax Amount:
$9116.39
Price per SqFt:
$324.68
Tax Legal Description:
HILLCREST PB 1 PG 294 LOTS 6-9 INC & VAC ALLEY ABUTTING LOTS 6-9
Exterior Features
Lot Size:
19036
Lot Features:
Central Business District, Corner Lot, City Limits, Sidewalk
Waterfront:
No
Parking Spaces:
N/A
Parking:
Curb Parking
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Carpet, Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Medical Office
Style:
N/A
Year Built:
1982
Construction Type:
Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    323 W CYPRESS ST
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