38 Pine StOrlando, FL 32801

Property Details for 38 Pine St

Year built

1925

Lot size

0.03 AC

Property size (Sq ft)

3,480 SF

Zone code

AC-3A/T/HP

Property type

Office buildings

APN

26-22-29-7352-25-132

APU

262229735225132

Description

This exceptional Class A creative office building, located at 38 E Pine St in the heart of Downtown Orlando, presents a unique investment opportunity. The three-story, 3,480 square foot building boasts a desirable location adjacent to The Plaza, offering unparalleled access to a vibrant mix of retail, restaurants, and nightlife on Church Street. Built in 125 and significantly renovated in 1980 and 2015, the property is zoned AC3A/T, providing flexibility for a variety of uses. Currently configured as a "Play, Live, Work" space, the building features a private club on the first floor, a living area on the second, and dedicated office space on the third. This versatile layout offers significant potential for adaptation to suit diverse business needs. The asking price is $2,000,000, translating to $574.71 per square foot. The property is currently vacant, providing immediate occupancy for the new owner. Importantly, there are no HOA fees associated with this property. This is a rare opportunity to acquire a well-located, renovated, and versatile commercial property in a thriving downtown Orlando market.

• CAP approach

  CAP return

  Valuation

  6%

  $846,932

  6.5%

  $781,784

  7%

  $725,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,464

  Geo Method

  $546,464

• Alternative Use

  Use

  Valuation

  Residential

  $969,412

  Hospitality

  $887,976

  Educational

  $738,785

  Medical

  $764,193

  Retail

  $1,149,222

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5412

Longitude

-81.3781

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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