530 Bumby AveOrlando, FL 32803

Property Details for 530 Bumby Ave

Year built

1961

Lot size

0.32 AC

Property size (Sq ft)

8,000 SF

Zone code

MU-1/T

Property type

Retail properties

Property subtype

Retail space

APN

30-22-30-1029-01-000

APU

302230102901000

Description

This prominent 7,259 square foot retail building, situated on a 0.32-acre lot (14,005 sq ft), is available for lease in Orlando's vibrant Milk District. Built in 1961, this two-story building features a single tenancy and offers 12 parking spaces. The property boasts a large open layout ideal for various retail concepts, benefiting from high visibility on Bumby Avenue (17,200 AADT), just three blocks south of Colonial Drive (41,500 AADT). Its location offers proximity to affluent neighborhoods like Baldwin Park, Audubon Park, Mills 50, and Colonialtown, and adjacency to Colonial Plaza, a major power center. The MU-1/T zoning allows for diverse uses, complementing potential co-tenants. The property includes a large pylon sign for enhanced visibility. This exceptional location and flexible space present a unique opportunity for a variety of businesses. The Orange County property (APN: 30-22-30-1029-01-000) offers 3,052 rentable square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,862,046

  6.5%

  $2,641,889

  7%

  $2,453,183

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,165,725

  Geo Method

  $3,165,725

• Alternative Use

  Use

  Valuation

  Residential

  $2,228,532

  Hospitality

  $2,041,324

  Educational

  $1,698,357

  Medical

  $1,756,766

  Retail

  $2,641,889

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5507

Longitude

-81.3523

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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