5801 Colonial DrPine Hills, FL 32808

Property Details for 5801 Colonial Dr

Year built

2005

Lot size

0.49 AC

Property size (Sq ft)

2,248 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

24-22-28-6240-15-420

APU

242228624015420

Description

This freestanding retail building, located at 5801 W Colonial Dr, Orlando, FL 32808, offers 2,208 square feet of vacant space, priced at $1,270,000 ($575.18/sq ft). The property boasts excellent visibility and frontage on West Colonial Drive, a major East-West retail corridor with 44,000 AADT, situated at a lighted intersection with Hastings Street. Its C-1 zoning permits a variety of retail uses. The building benefits from a strong mix of neighboring businesses including Dunkin', Popeye's, Wendy's, McDonald's, and Aldi, ensuring high traffic and visibility. Convenient access to major thoroughfares like State Road 408, I-4 Express, and the Florida Turnpike further enhances its strategic location in the Pine Hills area of Orange County. The property is currently vacant, presenting a unique opportunity for immediate occupancy and customization to suit a variety of retail needs. This hard corner location offers exceptional exposure and accessibility for any business seeking a high-traffic, well-established retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $498,732

  6.5%

  $460,368

  7%

  $427,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,003

  Geo Method

  $353,003

• Alternative Use

  Use

  Valuation

  Residential

  $570,857

  Hospitality

  $522,902

  Educational

  $435,048

  Medical

  $450,010

  Retail

  $676,741

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5527

Longitude

-81.4597

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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