7649 Colonial DrOrlando, FL 32818

Property Details for 7649 Colonial Dr

Year built

2001

Lot size

7.18 AC

Property size (Sq ft)

23,898 SF

Zone code

P-D

Property type

Retail properties

Property subtype

Strip malls

APN

23-22-28-9200-00-080

APU

232228920000080

Description

Westland Terrace, located at 7649 W Colonial Dr in Orlando, Florida (zip code 32818), presents a prime retail investment opportunity. This multi-tenant strip center boasts a substantial total building area of 252,883 square feet, with a significant 12,000 square feet currently available for lease. The property's strategic location in Orlando offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The existing tenancy is comprised of multiple businesses, creating a vibrant and thriving commercial environment. The available 12,000 square feet provides ample space for expansion or a new tenant looking to establish a strong presence in a high-traffic area. This property is situated at 28.5539802 latitude and -81.4879445 longitude. The property type is retail, specifically a strip center. This presents a unique chance to acquire a substantial portion of a well-established retail center in a dynamic Florida market. The 12,000 square foot space offers significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional opportunity further. Detailed property information and lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $7,793,814

  6.5%

  $7,194,290

  7%

  $6,680,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,456,811

  Geo Method

  $9,456,811

• Alternative Use

  Use

  Valuation

  Residential

  $6,068,653

  Hospitality

  $5,558,854

  Educational

  $4,624,901

  Medical

  $4,783,958

  Retail

  $7,194,290

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5537

Longitude

-81.4881

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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