Address
1101 E Colonial DRIVE, ORLANDO, FL
Price
$ 3,800,000
Property Attributes
- MLS#O6112691
- TypeCommercial
- CountyORANGE
- CityORLANDO
- AreaOrlando-Colonial Town
- NeighborhoodOverstreet Oak Hill Sub
- Zip32803
- StyleRestaurant
- Year Built1926
- Taxes$ 27550
- Price$ 3,800,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8163
- Lot Size0.35 Acres
Data Source:
Stellar MLS
Property Description
Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District – an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue. This restaurant boasts a generous Gross Leasable Area (GLA) of 8,163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance. The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212,800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management. One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35,000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area. The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike. Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.
| Price History | |
|---|---|
| 4/12/2024 | Listed $3,800,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | AC-1/T |
| Construction Materials | Stucco |
| Year Built | 1926 |
| Property SubType | Restaurant |
| Tax Year | 2022 |
| Percent Ownership | Corporation |
| County | Orange |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | OVERSTREET OAK HILL SUB |
| Status | Active |
| Directions | I4 to East Colonial. Turn left onto N Mills. Property is on the right. Directly off East Colonial. |
| City | ORLANDO |
| Buyer Agent Compensation | 2% |
| MLS Area | 32803 - Orlando/Colonial Town |
| Lot Size Square Feet | 15228 |
| Waterfront Y/N | No |
| Street Name | Colonial |
| Tax Annual Amount | 27550.77 |
| Public Remarks | Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District an established restaurant with real estate situated at the coveted corner of East Colonia |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6112691 |
| Days on Market | 203 |
| Standard Status | Active |
| Tax Lot | 18 |
| Legal Description | OVERSTREET OAK HILL SUB F/17 LOTS 18 & 19 BLK F (LESS R/W ST RD) |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | Yes |
| Street Suffix | DRIVE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 15228 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 8188 |
| Lot Size Acres | 0.35 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | Highway |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32803
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on May 20, 2024 11:13 AM UTC The listing information on this page last changed on Last updated on May 20, 2024 11:13 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 20, 2024 11:13 AM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
