Kathleen Gongwer - Coldwell Banker Coast
1051 W Sand #one
ORLANDO, FL 32809

$5,000,000

Description

25,000 SF COMMERCIAL BUILDING located on 3+ ACRES of LAND next to FLORIDA MALL, a Prime Location, is available for investors and developers to acquire. Currently, the building is leased to an entertainment center. The lease term is ended on Dec 2023 with 5-year option. If the new buyer wants to terminate the lease, the Seller will help to work out the agreement. ABLE TO BUILD AN ADDITIONAL BUILDING of 7,000 - 10,000 sf on the side. Since the Restaurant Rental Rate in this area is very high (vs. all other industries' rate), it's better to rent out the new building for restaurant tenant. This potential income would bring a big increase in the CAP rate for the new owner. A MUST SEE PROPERTY. BRING YOUR OFFER. For showing: Appointment only. DO NOT DISTURB TENANT. -Located next to Florida Mall, the largest shopping center welcoming more than 20 million visitors each year and creating thousands of new jobs for the area. Some of them are $460 million Skyplex Complex, $400 million iSquare Mall & Hotel, Topgolf Orlando, Andretti Indoor Karting $ Games, etc. - Within 5-mile radius of Multi-Million Businesses and Approved Projects. -Excellent Corner Exposure with 42,000+ cars per day

Details

MLS#S4851750
StyleRetail
Sub-TypeResale
StatusActive
Year1998
Days On Site441

Features

SQ Feet26,444
Story(s)1
ZoningC-2

Market Activity 32809

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32809
Area32809 - Orlando/Pinecastle/Oakridge/ Edgewood
Listing VS Median (in 32809)
Price:
$5,000,000
low | high
Med:
$100,000
100% of Average
SqFt:
26,444
low | high
Med:
1,195
100% of Average
$ / SqFt:
$189
low | high
Med:
$84
100% of Average
On Site:
441
low | high
Med:
182
100% of Average
Listing Updated: 12/07/2018
MLS Number: S4851750
Listing Provided By:
Ismael Alvarez  of  PARTNERSHIP REALTY INC

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