16884 Colonial DrOrlando, FL 32820

  • Turn key restaurants
  • 2,787 SF
For Sale
$2,800,000 View listing

Property Details for 16884 Colonial Dr

Year built
2006
Lot size
1.11 AC
Property size (Sq ft)
2,787 SF
Zone code
C-1
Property type
Turn key restaurants
APN
20-22-32-4910-00-021
APU
202232491000021

Description

This exceptional 1.1-acre commercial lot in Orlando, Florida, presents a unique investment opportunity. The property features a 2,260 square foot building, previously occupied by a Burger King, complete with a drive-thru. Located at 16884 E Colonial Drive, this site benefits from high visibility and convenient access, situated at the southwest quadrant of E Colonial Blvd and Chuluota Rd. The property enjoys excellent cross-access with established businesses including Walgreens, Taco Bell, and Fifth Third Bank. Its strategic location directly across from a Publix Supermarket and Corner Lakes Plaza ensures high foot traffic and strong consumer presence. This bustling area is experiencing significant retail and residential growth, making it an ideal location for a variety of commercial ventures. Pending plans and approvals are in place for a 3,345 square foot express car wash, incorporating a 100-foot tunnel, 18 vacuum stalls, and 3 pay stations. The asking price is $2,800,000, translating to $1,238.94 per square foot. The property is zoned for commercial use. This is a rare chance to acquire a well-positioned property with significant development potential in a thriving Orlando market.

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5603
Longitude
-81.1309
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,453
$577,681
$551,364
$1,129,045
-
$577,681
$551,364
$1,129,045

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