Active

$599,500

Features:
  • Bedrooms
  • 0 Bathrooms
  • 758 sq ft
Overview
  • ID: MFRO6390393
  • Bedrooms:
  • Bathrooms: 0
  • Size: 758 sq ft
Property Details
Remarks
Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue — one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals — including licensed estheticians — creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate approaching 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.
Financial Considerations
Price:
$599,500
HOA Fee:
N/A
Tax Amount:
$3485.26
Price per SqFt:
$422.18
Tax Legal Description:
E 50 FT OF W 150 FT OF S 150 FT OF NW1/4OF SE1/4 (LESS ST RD R/W) OF SEC 01-23-29
Exterior Features
Lot Size:
4668
Lot Features:
Corner Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s)
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Electric
Cooling:
Central Air, Zoned
Appliances:
Microwave, Refrigerator
Furnished:
No
Floor:
Luxury Vinyl
Levels:
N/A
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
1940
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    705 E MICHIGAN ST
Contact a Professional
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  • Communication and Transparency
  • Skilled Negotiation
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  • After-Sale Support
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