1404 W COLONIAL DR Orlando, FL 32804

$1,350,000
1404 W COLONIAL DR, Orlando, FL 32804
O5562443

Commercial Property for sale in Orlando, FL

for $1,350,000 with 5 full baths. This 10,665 square foot building was built in 1953 on a lot size of 0.92 Acre(s).

Property Information

  • $1,350,000
  • 5 Full Baths
  • Commercial
  • 10,665 Square Feet
  • Taxes are $17,977
  • Active
  • Lot size of 0.92 Acre(s)
  • Built in 1953
  • Orlando, FL
  • Rock Lake Neighborhood
  • Orange County
  • MLS/Web ID is O5562443

Description

Great location for business owner operator or investor looking to secure a downtown office building with 5+ parking spaces per 1, 000 net sq.ft. Located in the heart of metro Orlando within the Central Business District and minutes from downtown; this property features two office buildings, which have had several capital improvements completed within the last few years. The property is accessible via two driveway entrances along the 162+/- of frontage off of heavily traveled Colonial Drive (29, 000+ average daily traffic volume). The property also benefits from rear access off of Arlington Avenue to the large large parking lot. The two office buildings combine to total 10, 665 net sq. ft. The two-story building comprises 9, 065 net sq.ft., of which, 6, 082 sq.ft. is on ground floor and 2, 983 net sq.ft. is the second floor. The two-story building can be be utilized by one user or demised into three suites ranging from 2, 900+/- sq.ft to 3, 200+/- sq.ft. The stand alone converted office building consists of 1, 600 net sq.ft. which is currently occupied by a medical supply company and is a only few months into a three year term lease. This is an ideal scenario for an owner user occupying the entire two story building while bring in rental income from the adjoining stand alone building.

Listed By

Broker: CORE GROUP REAL ESTATE LLC

1404 W COLONIAL DR, Orlando, FL, 32804 is a Commercial Property for sale at $1,350,000 with 10,665 sqft and a lot size of 0.92 Acre(s). 1404 W COLONIAL DR has 5.0 baths and was built in 1953. The property's zip code is 32804 which is in Orlando, FL

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Market Pricing

Average % of sale price Median % of sale price
All listings in Orlando $441,670 67 % below $299,000 78 % below
Commerical listings in Orlando $865,576 36 % below $549,900 59 % below

Get the facts about Orlando, FL!

Population 271,414
Population Growth (since 2000) 35 %
Median Income $45,079
Median Age 35.39
Households w/ Children 24 %

Residential Dwellings

  • Owned 50909
  • Vacant 18449
  • Rented 65595

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