4550 Michigan StOrlando, FL 32812

Property Details for 4550 Michigan St

Year built

1987

Lot size

13.50 AC

Property size (Sq ft)

8,100 SF

Zone code

AC-1/SP/AN

Property type

Community centers

APN

05-23-30-8601-00-010

APU

52330860100010

Description

This exceptional 136,806 square foot retail strip center, situated on a 14.48-acre lot in Orlando, Florida (zip code 32812), presents a compelling investment opportunity. Built in 1987, the property boasts 499 parking spaces and is zoned AC1, ensuring ample parking and flexibility for various retail uses. The center is anchored by established national tenants including Esporta Fitness, Presidente Supermarket, and Family Dollar, creating a strong and stable tenant mix. Units range from a minimum of 1,400 square feet to a maximum contiguous space of 3,182 square feet, with one space currently available measuring between 900 and 3,182 square feet. This space includes a grease trap, ideal for food-related businesses. The property enjoys a highly visible location at 4550 E Michigan St, just 3 miles southeast of downtown Orlando and 4.5 miles north of Orlando International Airport, ensuring high traffic volume and excellent accessibility. Multiple points of ingress and egress further enhance convenience for both customers and employees. This bustling center offers a unique opportunity to capitalize on a thriving retail market in a prime Orlando location. The property's strong tenant base, ample parking, and strategic location make it an ideal investment for discerning buyers seeking a high-return retail asset.

• CAP approach

  CAP return

  Valuation

  6%

  $2,829,087

  6.5%

  $2,611,465

  7%

  $2,424,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,205,296

  Geo Method

  $3,205,296

• Alternative Use

  Use

  Valuation

  Residential

  $2,202,868

  Hospitality

  $2,017,815

  Educational

  $1,678,799

  Medical

  $1,736,535

  Retail

  $2,611,465

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5123

Longitude

-81.329

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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