For Sale
$1,675,000

1023 Colonial DrOrlando, FL 32804

High-Yield Retail Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-building, 3,360 square foot convenience store portfolio in Orlando, Florida, located at 1023 W Colonial Dr, 32804. Currently operating at 100% occupancy, the property generates a substantial $63,287 in net operating income (NOI), representing a 3.78% cap rate and a price per square foot of $498.51. The asking price is $1,675,000, offering immediate cash flow. The property is zoned for residential use, presenting significant redevelopment potential within a rapidly revitalizing area of downtown Orlando. This fee-simple ownership provides a unique chance to capitalize on Orlando's growth and the surrounding multi-million dollar development projects. The multi-tenancy structure ensures a diversified income stream. This is an ideal acquisition for investors seeking a blend of immediate returns and long-term appreciation in a prime location. The property's strong current performance and redevelopment potential make it a compelling investment opportunity in a dynamic market.

Highlights

  • Two-building, 3,360 SF convenience store portfolio in Orlando, FL.
  • Prime downtown Orlando location at 1023 W Colonial Dr, 32804.
  • 100% occupancy, generating $63,287 annual NOI, 3.78% cap rate, $498.51/SF.
  • $1,675,000 asking price; immediate cash flow and redevelopment potential.

Property Details for 1023 Colonial Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,360 SF
Class
C
Buildings
2

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5531159
Longitude
-81.3944495
1023 Colonial Dr, Orlando, Florida

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1023 Colonial Dr
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