703 Colonial DrOrlando, FL 32803

Property Details for 703 Colonial Dr

Year built

1910

Property size (Sq ft)

3,464 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional mixed-use property, located at 703 E Colonial Drive in Orlando, Florida, presents a compelling investment opportunity. The 3,464 square foot property sits on a 4,325 square foot lot and includes two buildings: a duplex and a single-family home, built in 1910. The property is zoned R-2B/T, allowing for commercial retail and multi-family development, offering significant redevelopment potential. The asking price is $2,300,000, translating to $663.97 per square foot. The property's prime corner location in downtown Orlando offers excellent visibility and accessibility. The existing structures provide immediate income potential, while the zoning allows for a variety of future development options. This presents a unique chance to capitalize on the thriving Orlando market. The opportunity to acquire two adjacent lots behind the property is also available, further enhancing the development potential and overall value. Detailed information regarding the adjacent lots and their pricing is available upon request. This property is offered as a sole proprietorship. The Orange County APN is 24-22-29-1524-00-130. This is a rare chance to own a piece of Orlando's vibrant downtown area.

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5534

Longitude

-81.3684

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