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616 E Altamonte Dr

15,769 SF 70% Leased Office Building Altamonte Springs, FL 32701 For Sale

Virtual Tour

Investment Highlights

  • 616 E Altamonte Drive is a premier, two-story medical office building nestled in the heart of Altamonte Springs, a prime investment opportunity.
  • Adjacent to AdventHealth Altamonte Springs, 616 E Altamonte Drive is a strategic investment ensuring continued desirability for the future.
  • Altamonte Springs is an affluent community north of Orlando's metro area, boasting seamless access to nearby amenities.
  • Nearly fully occupied, tenants enjoy the property's ample parking, monument signage, and various office layouts catering to their practice needs.
  • Positioned along a bustling roadway, traffic counts of approximately 48,500 vehicles daily help establish new businesses through enhanced visibility.
  • Connectivity is a breeze, with access to Interstate 4 just over 1 mile away, connecting patients, staff, and visitors to the Greater Orlando region.

Executive Summary

616 E Altamonte Drive in Altamonte Springs presents a lucrative investment opportunity to acquire a prime, multi-tenant medical office building. This two-story establishment provides an ideal setting for medical practices seeking a new base, with only a few spaces left for full occupancy. The property offers several perks, including ample surface parking and monument signage. 616 E Altamonte Drive provides unparalleled convenience for practitioners and patients since it is directly across from AdventHealth Altamonte Springs and close to other critical medical facilities, including Oviedo Medical Center.

Businesses will thrive in this vibrant area, benefiting from exceptional visibility with an average of 48,500 daily vehicles passing along Altamonte Drive. Additionally, 616 E Altamonte Drive's strategic positioning, just over 1 mile from Interstate 4, ensures optimal connectivity to Orlando's metro area. The property is only 13 miles from Orlando Sanford Airport (SFB) and a 30-minute drive from Orlando International Airport (MCO), guaranteeing convenient accessibility for out-of-town patients and staff.

Altamonte Springs offers an array of daytime shopping and dining options, including the renowned Altamonte Mall, catering to the needs of office tenants. For relaxation and rejuvenation, nearby green spaces such as Cranes Roost Park provide a tranquil retreat amidst the affluent urban landscape. If public transportation is preferred, Altamonte Springs boasts numerous options, including SunRail's CenterPointe station and the LYNX bus transit system, which facilitate easy commutes.

Seize the opportunity to invest in Altamonte Springs' dynamic medical presence and affluent residential community at 616 E Altamonte Drive, just 15 minutes north of Orlando's metro area.

Sale Flyer

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,769 SF
Building Class
B
Year Built/Renovated
1972/2019
Percent Leased
70%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,885 SF
Building FAR
0.56
Land Acres
0.65 AC
Zoning
CG - General Commercial
Parking
36 Spaces (2.28 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Central Heating
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 105
  • 1,613 SF
  • Medical
  • Full Build-Out
  • Now

1,613-square-foot medical office space available for lease at 616 E Altamonte Drive in Altamonte Springs.

  • 2nd Fl-Ste 205
  • 1,544 SF
  • Medical
  • Full Build-Out
  • Now

1,544-square-foot medical office space available for lease at 616 E Altamonte Drive in Altamonte Springs.

  • 2nd Fl-Ste 206
  • 1,599 SF
  • Office
  • Partial Build-Out
  • Now

1,599-square-foot office space available for lease at 616 E Altamonte Drive in Altamonte Springs.

Space Size Space Use Condition Available
1st Fl-Ste 105 1,613 SF Medical Full Build-Out Now
2nd Fl-Ste 205 1,544 SF Medical Full Build-Out Now
2nd Fl-Ste 206 1,599 SF Office Partial Build-Out Now

1st Fl-Ste 105

Size
1,613 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 205

Size
1,544 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 206

Size
1,599 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 105

Size 1,613 SF
Space Use Medical
Condition Full Build-Out
Available Now

1,613-square-foot medical office space available for lease at 616 E Altamonte Drive in Altamonte Springs.

2nd Fl-Ste 205

Size 1,544 SF
Space Use Medical
Condition Full Build-Out
Available Now

1,544-square-foot medical office space available for lease at 616 E Altamonte Drive in Altamonte Springs.

2nd Fl-Ste 206

Size 1,599 SF
Space Use Office
Condition Partial Build-Out
Available Now

1,599-square-foot office space available for lease at 616 E Altamonte Drive in Altamonte Springs.

Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

About Altamonte Springs

Altamonte Springs is a growing suburban office node for the Orlando region, situated roughly 15 minutes from downtown Orlando. The area has direct access to two prime roadway arteries, Interstate 4 and State Route 436, and is within a 45-minute drive from Orlando International Airport, Orlando-Sanford International Airport, and Orlando Executive Airport.

There are numerous public transportation options within Altamonte Springs, including SunRail’s CenterPointe station and the LYNX bus transit system. The local workforce is highly educated, with many holding college degrees. Office tenants have many daytime shopping and eating options, including Altamonte Mall, and there are numerous popular green spaces such as Cranes Roost Park.

Altamonte Springs offers many of the amenities of urban core office nodes in a suburban setting. Most office properties have spectacular landscaping and lush greenery. The office tenant mix in this area is diverse, reflecting Altamonte Spring’s appeal to nearly any office use.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
12,756
91,390
244,680
2024 Population
13,488
95,402
253,628
Population Growth '20-'24
5.7%
4.4%
3.7%
2020 Households
6,337
39,280
101,746
2024 Households
6,730
41,089
105,916
Household Growth '20-'24
6.2%
4.6%
4.1%
Average Age
43
42
41
Median Household Income
$57,353
$62,329
$63,524
Daytime Employees
10,857
76,821
150,678
Total Businesses
1,575
9,862
19,818
College Degree + Higher
35%
37%
37%
$ values in USD

Nearby Amenities

Hospitals

AdventHealth Orlando Acute Care 13 min drive 8.4 mi
Oviedo Medical Center Acute Care 17 min drive 9.6 mi
Orlando Health Acute Care 19 min drive 11.6 mi

Restaurants

Panera Bread - - 3 min walk
Dunkin' Cafe - 5 min walk
Pizza Hut - - 5 min walk
Bahama Breeze - - 12 min walk

Retail

uBreakiFix Consumer Electronics 3 min walk
State Farm Insurance 5 min walk
TD Bank Bank 6 min walk
Publix Supermarket 8 min walk
Optical Outlet Optical 8 min walk

Hotels

Embassy Suites by Hilton
277 rooms
4 min drive
Hilton
309 rooms
6 min drive
SpringHill Suites
126 rooms
9 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-21-29-5BE-0000-5830
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,112,047

Sale Advisor

Sale Advisor

(407) 458-5412
Contact
Katherine Scatuorchio, Director
(407) 458-5412
Contact
As Director for Franklin Street’s Orlando leasing and Sales team, Katherine Scatuorchio focuses on both landlord and tenant representation in the office sector for clients throughout Orlando and Central Florida.  Ms. Scatuorchio brings strong experience working with institutional and local commercial property owners. She also partners with tenants throughout the office market to identify their future and current occupancy needs, then implements a strategy for clients to align their space needs with their business goals. Prior to joining Franklin Street, Ms. Scatuorchio served as a Leasing Associate for Cite Partners in Orlando, where she specialized in representing office tenants and investors in the Central Florida market. Earlier in her career, she worked as a top ranked sales representative with AutoNation Acura of North Orlando and David Maus Volkswagen. She was responsible for customer engagement and retention at all points in the sales and finance process.
  • Listing ID: 28336041

  • Date on Market: 27/04/2023

  • Last Updated:

  • Address: 616 E Altamonte Dr, Altamonte Springs, FL 32701

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