For Sale
$3,200,000

926 Mills AveOrlando, FL 32803

Orlando Retail Center: High NOI, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Orlando retail property, located at 926 N Mills Ave, offers a compelling investment opportunity. The 4,800 square foot, single-story building sits on a 0.14-acre lot and features three units, currently boasting 100% occupancy and generating a strong net operating income (NOI) of $192,598, resulting in a 6.02% cap rate. The asking price is $3,200,000. Built in 1951, this NNN-leased property is zoned MU-1/T and benefits from dedicated rear parking and ample street parking. Tenants include a high-performing cocktail bar and other established businesses. The property's location on the popular Mills 50 corridor in Orlando, FL (zip code 32803), ensures high foot traffic and strong demand. One unit's lease expires in six months, presenting an owner-operator opportunity or potential for lease renewal. The property's small unit sizes simplify future leasing management. The surrounding area demonstrates robust demographics, with over 14,000 residents and average household incomes exceeding $110,000 within a one-mile radius. SBA financing options are available. This asset represents a rare chance to acquire a thriving retail center in a highly desirable Orlando location. The property's APN is 24-22-29-4468-09-230.

Highlights

  • Rare Mills 50 strip center opportunity in high-demand Orlando location.
  • Smoker's Safari lease expires in six months; owner-operator potential or lease renewal. SBA financing available with 10% down.
  • Death in the Afternoon, a high-performing cocktail bar, is a long-term tenant.
  • Recent sales show strong demand, with prices near $1,000/SF.
  • Features dedicated rear parking and ample street parking.
  • Highly sought-after retail strip center asset.

Property Details for 926 Mills Ave

Property type
Retail properties, Retail space
Square Feet
4,800 SF
Year Built
1951
Buildings
1
Stories
1
Lot Size (sq. ft)
6,098 SF
Units
3

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.557594558301
Longitude
-81.364500584844
926 Mills Ave, Orlando, Florida

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926 Mills Ave
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