Cody Spaur - Coldwell Banker Coast
1404 W Colonial Drive
ORLANDO, FL 32804

$1,350,000

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.

Details

MLS#O5562443
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1953
Days On Site244

Features

SQ Feet12,000
Story(s)1
ZoningO-1/T

Market Activity 32804

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Area Information

StateFL
CountyOrange
CityORLANDO
Zip Code32804
Area32804 - Orlando/College Park
Listing VS Median (in 32804)
Price:
$1,350,000
low | high
Med:
$349,450
100% of Average
SqFt:
12,000
low | high
Med:
1,487
100% of Average
$ / SqFt:
$113
low | high
Med:
$238
61.21269749506% of Average
On Site:
244
low | high
Med:
50.5
100% of Average
Listing Updated: 10/13/2018
MLS Number: O5562443
Listing Provided By:
Kevin Eaton  of  CORE GROUP REAL ESTATE LLC

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