Kat Bonelli
✦ Office

Commercial Sale · Office

$1,499,0001,653 sq ft$907 /sq ft0.2 acres

498 ESTHER LANE, ALTAMONTE SPRINGS, FL, 32714

Active338 days on marketListed Sep 2, 2025MLS #O6335098

About this property

The property at a glance

Presenting a rare opportunity to invest in a prime Z-zoned commercial property, perfectly situated for multi-family and townhome development. This strategically located gem boasts exceptional visibility and accessibility, making it an ideal canvas for visionary developers and investors. With an abundance of space to create dynamic living environments, the possibilities are endless—envision stunning modern residences that cater to a diverse community.. Property is located 5 minutes from I4, Cranes Roost, as well as restaurants and shopping centers. Closing can be as soon as 2 weeks! Do not disturb tenants, call for an appointment!.

1,653

Building sq ft

$907

Price / sq ft

0.2

Lot acres

1959

Year built

1

Building

RP

Zoning

Office

Property type

Building size1,653 sq ft
Lot size0.2 acres
Year built1959
Buildings1
ZoningRP
ConstructionBlock · Concrete · Stucco
CoolingCentral Air
HeatingCentral
Annual taxes$1,980

The numbers

Investment snapshot

Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.

Estimated payment (illustrative)

Down payment25% · $374,750
Interest rate6.00%
Loan term

Estimated payment

$7,065/mo

Principal & interest$6,740
Property taxes (actual bill)$165
Est. insurance$160

Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Financing

Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kat to connect you with a commercial lender for real numbers.

Where it sits

Location & trade area

14,500vehicles / day · 2025Sr-436 to W Central Pkwy · Traffic count · Florida DOT
5-min drive10-min drive15-min drive

What’s nearby

Taco BellRestaurant0.2 mi
Lawless SubsRestaurant0.2 mi
Chuck E. CheeseRestaurant0.2 mi
Pollo TropicalRestaurant0.2 mi
Little CaesarsRestaurant0.2 mi
PopeyesRestaurant0.3 mi
PopeyesRestaurant0.3 mi
7-ElevenGrocery0.3 mi
CheckersRestaurant0.3 mi
AmigosRestaurant0.5 mi
Residence Inn Orlando Altamonte Springs/MaitlandLodging0.6 mi
BowlersMart AltamonteRetail0.6 mi
Chick-fil-ARestaurant0.6 mi
Twin PeaksRestaurant0.6 mi
Days Inn & Suites by Wyndham Altamonte SpringsLodging0.6 mi
Antica PizzeriaRestaurant0.6 mi
Fiesta Cancún Mexican RestaurantRestaurant0.7 mi
ABC Fine Wine & SpiritsRetail0.7 mi
WalgreensBank0.7 mi
SpringHill Suites Orlando Altamonte Springs/MaitlandLodging0.7 mi
RamadaLodging0.7 mi
PerkinsRestaurant0.7 mi
Waffle HouseRestaurant0.7 mi
Remington InnLodging0.7 mi

Business data © OpenStreetMap contributors

Recent sales

What actually sold near 498 ESTHER LANE

The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

260 LOOKOUT PLACE UNIT 107

$46,692

260 LOOKOUT PLACE UNIT 107

1,617 sqft · $29/sqft · Sold May 1, 2025

741 MAITLAND AVENUE

$463,000

741 MAITLAND AVENUE

1,520 sqft · $305/sqft · Sold Jul 31, 2026

741 MAITLAND AVENUE

$350,000

741 MAITLAND AVENUE

1,520 sqft · $230/sqft · Sold Sep 30, 2025

Your team

The pros in your corner

Kat Bonelli

Your agent

Kat Bonelli

REALTOR® · CENTURY 21 Edge

Tours, offers, and every question about 498 ESTHER LANE — start here.

CallText
kathleen.bonelli@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 498 ESTHER LANE.

Get in touchCall
aacosta@prmg.net

See it in person

Schedule a tour

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Keep looking

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Listing courtesy of COTTAGE REALTY INC · Eskarlet Peguero Sanchez. MLS #O6335098.

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