625 N Central Ave Oviedo FL 32765 MLS O6254024

$430,000

Reduced By $9,500
last change 11/16/2024

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Home Description: 625 N Central Ave

Zoned R-P. Great location for Professional Office / Business Office / Assisted Living and other viable uses. City Plans to update Zoning Map on 11/18/2024, this property will fall into the "Downtown Neighborhood" zoning. LIVE, WORK, PLAY. Do you know what that means? Opportunity to own a property in potentially vibrant Downtown location. Located 3 mins from Downtown Oviedo and 13 minutes from UCF. Lots of Upside. Highest and best use could possibly be commercial. The City of Oviedo is making a lot of changes so this could possibly appreciate in value in the coming years. Great Opportunity for the Work From Home Professional. Possibly great opportunity to change the use and increase the value without lifting a hammer. Plenty of parking, horseshoe parking with long path to backyard. Great lot for parking recreational vehicles (RV, Boats etc). Roof is slightly older than 1 year. Water heater is new. AC is about 7 years old. Has been re-piped 2019. 2840 ft.² under air Call today, one of very few 2800sqft homes in Oviedo priced under $450k. List agent has recording from 11/13/2024 Pre-Applicaton Meeting with the City. Valuable Insight on how profitable this deal can be. Calling ALL Professionals (Doctors, Dentist, Accountants, Psychiatrist, Architectects, Lawyers, Title Contacts, Mortage Contacts, or even RE Brokers) Potential to rent out individual office spaces to Professionals. Rent Estimate 3 rooms @ $700/mo each, 2 Larger spaces @ $900/mo total potential rents $3900/mo