Active

$1,800,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2785 sq ft
Overview
  • ID: MFRO6136691
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2785 sq ft
Property Details
Remarks
This property has been recently renovated with brand new HVAC, Roof, Hurricane-Proof Windows, Insulation, Plumbing, Asphalt and Concrete, and interior design (new floors, acoustic tile ceiling, bathrooms, doors, and new 1000 sqft storage area) in the beginning of 2023. Modern Awnings are expected to be installed still this year (2023) at current owner's investment. This modern construction with block outer walls and impeccable design could be the recession resistant investment you’re looking for, currently leased to a well established Car Dealership in Orlando area that’s been operating for 7+ years. This parcel offers excellent signage, 135ft of frontage and amazing exposure from W Colonial Dr for more than 40,000 cars per day. The 2,785 sqft renovated office/retail building sits on an almost half acre lot, allowing for plenty of parking space, possible additions, or product display. Investors’ special! Current lease at $9,000.00 / month NNN, which averages 6% cap rate at current listing price. Please review brochures and disclosures for extra information. Rates and information are from sources we deem reliable and is subject to change without notice according to change in price and conditions. Any and all information contained in the description is being provided without any representation or warranty, express or implied, as to the accuracy or completeness of the information.
Financial Considerations
Price:
$1,800,000
HOA Fee:
N/A
Tax Amount:
$11705
Price per SqFt:
$646.32
Tax Legal Description:
PINE HILLS SUB NO 8 T/68 BEG SW COR LOT 5 RUN W 135 FT N 150 FT E 135 FT S 150 FT TO BEG BLK H
Exterior Features
Lot Size:
20386
Lot Features:
Corner Lot, City Limits, Out Parcel
Waterfront:
No
Parking Spaces:
N/A
Parking:
Electric Vehicle Charging Station(s), Lighted, Over 30 Spaces
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Office Only
Appliances:
N/A
Furnished:
No
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1956
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    5047 W COLONIAL DR
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