926 Mills AveOrlando, FL 32803

Property Details for 926 Mills Ave

Year built

1951

Lot size

0.14 AC

Property size (Sq ft)

4,800 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5576

Longitude

-81.3645

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