For Sale
$2,195,000

118 Jefferson StOrlando, FL 32801

Prime 26-unit office building, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, three-story office building, totaling 7,941 square feet, presents a compelling investment opportunity in the heart of downtown Orlando. Built in 1925 and extensively renovated in 2004, the property boasts 26 executive and creative office suites, a conference room, reception area, and six private bathrooms. Currently housing 15 tenants on month-to-month agreements, the building offers significant upside potential for increased occupancy and rental income. The property features a new roof (2023) and newer HVAC systems, ensuring efficient operation and reduced maintenance costs. Financial projections indicate a strong pro-forma NOI of $174,864, representing a 7.97% pro-forma cap rate. The current NOI is $94,079, with a 4.29% cap rate and 60% occupancy. The asking price is $2,195,000, translating to $84,423.08 per unit and $276.41 per square foot. The property is offered fee simple, with seller financing available to qualified buyers. Located at 118 E Jefferson St, Orlando, FL 32801 (APN: 26 22 29 7352 31 012), this property is ideally situated to capitalize on the vibrant downtown Orlando market. The building's flexible layout and modern amenities make it an attractive option for a diverse range of tenants. This is a rare opportunity to acquire a well-maintained, income-producing asset with substantial growth potential.

Highlights

  • Seller financing available to qualified buyers.

Property Details for 118 Jefferson St

Property type
Office properties, Office space
Square Feet
7,941 SF
Class
A
Year Built/Renovated
1925/2004
Buildings
1
Stories
3
Units
26

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5444416
Longitude
-81.37706
118 Jefferson St, Orlando, Florida

FAQs

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118 Jefferson St
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