703 E Colonial DRIVE Orlando, FL $ 2,300,000
703 E Colonial DRIVE
$ 2,300,000
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703 E Colonial DRIVE

Orlando, FL, 32803
$ 2,300,000
Baths0.0 Sq 3,464

Monthly Estimate*

$ 13,775

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View a Virtual Tour
Studio

Commercial Property for sale in Orlando, FL

for $2,300,000. This 3,464 square foot building was built in 1910 on a lot size of 0.32.

Welcome to a prime investment opportunity in the heart of downtown Orlando! This property offers an exceptional corner location featuring both a duplex and a single-family home, presenting a versatile canvas for savvy investors and developers alike. The entire corner is for sale, 703 E. Colonial and 713 Summerlin. Great redevelopment opportunity. Situated in a highly desirable downtown area, this property boasts zoning that allows for commercial retail as well as multi-family development, making it a strategic choice for various ventures. Whether you're considering revitalizing the existing structures or embarking on a redevelopment project, the potential for growth and profitability is vast. Adding to its appeal, the property also presents the option to acquire two adjoining lots behind it, further expanding the scope for development and enhancing the overall value proposition. For those interested in exploring this additional opportunity, additional pricing information is available upon request. Don't miss out on the chance to secure your stake in Orlando's dynamic real estate landscape. Contact us today to schedule a viewing and unlock the potential of this exceptional property!

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Commercial Active

Price

$ 2,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,876

Style

Mixed Use

Lot Size

0.32

Year Built

1910

Town/City

Orlando

County/Region

Orange

MLS | Web ID

O6205235

Features
General
Cooling central air
Zoning r-2b/t
Construction Materials wood frame
Year Built 1910
Property SubType mixed use
Tax Year 2023
Percent Ownership sole proprietor
Additional Parcels Description 24-22-29-1524-00-130
County orange
New Construction no
Property Type commercial sale
Home Owner Assoc Y
Subdivision Name colonial hills first add
Status active
Directions corner of colonial drive and summerlin
City orlando
View Y/N no
MLS Area 32803 - orlando/colonial town
Lot Size Units square feet
Lot Size Square Feet 13999
Waterfront Y/N no
Tax Annual Amount 5876.02
Additional Parcels Y/N yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/o6205235
Days on Market 124
Building Area Units square feet
Living Area Units square feet
Standard Status active
Tax Lot 11
Legal Description colonial hills first addition f/107 thes 1/2 of lots 11 & 12 and colonial hills first addition f/107 lot 13 (less st rd r/w)
Water Access Y/N no
Water View Y/N no
Flood Zone Code x
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Exterior
Lot Size Area 13999
Foundation Details crawlspace
Number of Buildings 2
Building Area Total 4325
Lot Size Acres 0.32
Road Surface Type asphalt
Road Frontage Type business district city street
Number of Lots 2
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Interior
Total Stories 1
Air Conditioning Y/N yes
Total Baths 0
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* Excluded Features
List By
Olde Town Brokers Inc

Broker

otbmaria@yahoo.com

Email

Affordability Calculator

$14,265
Per Month
97%
3%
0%
Monthly Principal & Interest
$13,775
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$2,300,000 Listed Price

Map


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703 E Colonial DRIVE, Orlando, FL, 32803 is a Commercial Property for sale at $2,300,000 with 3,464 sqft and a lot size of 0.32. 703 E Colonial DRIVE is a studio with 0.0 baths and was built in 1910. The property's zip code is 32803 which is in Orlando, FL