323 W Cypress Street, Kissimmee, FL 34741
- $1,500,000
- 4,551
- SqFt
- List Price
- $1,500,000
- Status
- Active
- Days on Market
- 1
- MLS#
- S5155353
- Property Style
- Medical Office
- Year Built
- 1982
- Living Area
- 4,551
- Lot Size
- 19,036
- Acres
- 0.44
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Hillcrest
- MLS Area Major
- Kissimmee (Downtown East)
Property Description
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.
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Additional Information
- Taxes Annual
- $9116
- Location
- Central Business District, Corner Lot, City Limits, Sidewalk
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- KRPB
- Floor
- Carpet, Ceramic Tile
- Utilities
- BB/HS Internet Capable, Electricity Available, Phone Available, Public, Underground Utilities
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Brick
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Curb Parking
- Flood Zone Code
- X
- Parcel ID
- 15-25-29-1490-0001-0060
- Legal Description
- HILLCREST PB 1 PG 294 LOTS 6-9 INC & VAC ALLEY ABUTTING LOTS 6-9
Listing courtesy of EAST PARK REALTY LLC. 321-624-5780
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