5310 Colonial DrOrlando, FL 32807

Property Details for 5310 Colonial Dr

Year built

1974

Lot size

0.60 AC

Property size (Sq ft)

13,918 SF

Zone code

C-2

Property type

Turn key restaurants

APN

21-22-30-4736-04-122

APU

212230473604122

Description

This exceptional Orlando restaurant presents a unique owner/user redevelopment opportunity. Priced at $6,000,000, this turnkey operation encompasses 19,473 square feet across two buildings situated on a 1.74-acre lot. The property boasts a highly visible waterfront location on East Colonial Drive, benefiting from over 52,000 cars daily and 450 feet of frontage, enhanced by a large LED sign. The sale includes three contiguous fee-simple parcels: a 13,918 sq ft main restaurant building at 5310 E. Colonial Dr, a 5,555 sq ft secondary building at 5314 E. Colonial Dr, and an additional parking area at 5300 E. Colonial Dr. Ample parking is available. The sale also includes all furniture, fixtures, and equipment (FF&E), estimated at over $500,000, and existing inventory (value to be determined). The property is zoned C-2 and was built in 1974. The current occupancy is 100%, allowing a new owner to seamlessly continue operations under a new name or implement a fresh concept. This is a truly exceptional opportunity to acquire a thriving, established restaurant with significant potential for growth and future development. The property is located in Orange County, Florida, zip code 32807.

• CAP approach

  CAP return

  Valuation

  6%

  $4,861,140

  6.5%

  $4,487,206

  7%

  $4,166,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,507,570

  Geo Method

  $5,507,570

• Alternative Use

  Use

  Valuation

  Residential

  $3,785,126

  Hospitality

  $3,467,155

  Educational

  $2,884,632

  Medical

  $2,983,839

  Retail

  $4,487,206

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5538

Longitude

-81.3172

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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