1516 Hillcrest StOrlando, FL 32803

Property Details for 1516 Hillcrest St

Year built

1973

Lot size

0.77 AC

Property size (Sq ft)

29,757 SF

Zone code

O-1/T

Property type

Office buildings

APN

25-22-29-1536-04-010

APU

252229153604010

Description

This exceptional three-story Class B office building, totaling 3,583 square feet, is ideally situated in Orlando's vibrant Mills & 50 district at the corner of Ferncreek Ave. and Hillcrest St. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple tenants seeking flexible space. The property boasts one passenger elevator servicing all three floors. On-site parking is included, eliminating the need for additional expenses. The location offers unparalleled convenience, just five minutes from Downtown Orlando's business district and with easy access to major thoroughfares like I-4 and SR 408. Benefit from high visibility, situated one block south of the high-traffic Colonial Drive (48,500 AADT). Enjoy the proximity to the thriving Mills & 50 restaurant corridor, Colonial Plaza, and Orlando Executive Airport. Individual suites offer a blend of private offices and open workspaces, catering to diverse business needs. This property is in Orange County, Florida, with a zip code of 32803. The building is directly adjacent to the future location of a Starbucks, further enhancing its appeal and convenience. This is an excellent opportunity to establish a presence in a dynamic and rapidly growing area of Orlando.

• CAP approach

  CAP return

  Valuation

  6%

  $7,242,000

  6.5%

  $6,684,923

  7%

  $6,207,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,672,742

  Geo Method

  $4,672,742

• Alternative Use

  Use

  Valuation

  Residential

  $8,289,304

  Hospitality

  $7,592,958

  Educational

  $6,317,252

  Medical

  $6,534,512

  Retail

  $9,826,837

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5519

Longitude

-81.3607

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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