455 Garland AveOrlando, FL 32801

  • Office buildings
  • 85,823 SF
For Lease
$26/SF/YR View listing

Property Details for 455 Garland Ave

Year built
2004
Lot size
3.65 AC
Property size (Sq ft)
85,823 SF
Zone code
AC-3A/T
Property type
Office buildings
APN
26-22-29-2263-00-040
APU
262229226300040

Description

This exceptional 85,823 square foot, single-tenant restaurant space is available for lease at 455 North Garland Avenue in Orlando, Florida. Located in Orange County (APN 26-22-29-2263-00-040), this second-generation restaurant boasts existing infrastructure, making it an ideal turnkey opportunity. Situated within a six-story office building, the property benefits from a sole tenant, Lynx, ensuring a stable and established surrounding environment. The cafe enjoys a central downtown Orlando location, surrounded by numerous office buildings and businesses, providing a consistent flow of daytime walk-in foot traffic. This high-visibility location offers significant potential for a thriving restaurant operation. The property is categorized as a restaurant/cafe and is easily accessible, given its proximity to Lynx Central Station. The address is 455 N Garland Ave, Orlando, FL 32801 (28.5484572, -81.3814416). This is a rare opportunity to secure a well-positioned restaurant space in a vibrant and growing urban core. The substantial square footage provides ample room for a variety of restaurant concepts.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $20,886,856
    6.5%
    $19,280,174
    7%
    $17,903,020
  • Comparable approach

    Method
    Valuation
    Relative Method
    $13,476,786
    Geo Method
    $13,476,786
  • Alternative Use

    Use
    Valuation
    Residential
    $23,907,416
    Hospitality
    $21,899,066
    Educational
    $18,219,766
    Medical
    $18,846,370
    Retail
    $28,341,856

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5485
Longitude
-81.3814
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
$5,384
$11,946,054
$20,082,405
$32,028,459
-
$11,946,054
$20,082,405
$32,028,459

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