11029 Colonial DrOcoee, FL 34761

Property Details for 11029 Colonial Dr

Year built

1986

Lot size

14.76 AC

Property size (Sq ft)

90,470 SF

Zone code

C-3

Property type

Retail space

APN

19-22-28-9652-00-040

APU

192228965200040

Description

This exceptional retail opportunity is located at 11029 W Colonial Dr, Ocoee, FL 34761, a high-visibility location at the southwest corner of Maguire Road and State Road 50. The Towne Square Shopping Center offers a total of 126,374 square feet of retail and office space, currently featuring Old Time Pottery and My Salon Suites as anchor tenants. This prime location benefits from significant traffic volume due to its busy intersection placement. Currently, there are 750 square feet of immediately available space, ideal for a variety of retail uses. The minimum divisible space is 750 square feet, with a maximum contiguous space also of 750 square feet. The property consists of a single building with one suite currently available. Additional space of approximately 1400 square feet is coming soon. This presents a unique chance to establish a presence in a thriving retail center with strong existing tenants and high foot traffic. The property is situated in Ocoee, Florida, offering excellent access to a large consumer base. Inquire today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $20,601,400

  6.5%

  $19,016,700

  7%

  $17,658,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,774,800

  Geo Method

  $14,774,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $37,317,700

  Mixed-Use / Specialty

  $18,854,600

  Hospitality / Lodging

  $13,710,300

  Office

  $18,644,400

  Institutional / Educational

  $19,567,500

  Residential Income

  $22,894,000

  Multifamily

  $27,980,400

  Automotive / Energy

  $16,772,100

  Parking / Income-Based Land

  $5,881,000

  Restaurant / Food Service

  $9,605,220

  Healthcare / Senior Housing

  $19,431,700

Location Insight

City

Ocoee

County

Orange

State

Florida

Latitude

28.553

Longitude

-81.5438

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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