Signalized Downtown Corner Lot

Property Specs:
Transaction Type: Sale
Price: $795,900
Address: 1921 E Colonial Dr, Orlando, FL 32803
Property size: 3,750 SF
Lot size: 9,386 SF

The subject property for sale is located on the signalized corner of Colonial Drive and Hampton Avenue. It sits on a lot of almost a quarter acre or 9,386 SF and has 11 parking spaces on the East side of the building, including open parking along the street on Colonial Drive. There are currently two tenants at this property. The first floor Tenant is a Family Health Care Physician whose been at this location since 2012 with a lease that ends in 2022. The second floor Tenant is a Tattoo Shop whose currently on a month-to-month lease. This opportunity would be best as a long term investment for a local investor looking to buy a signalized corner lot property under a million dollars in downtown Orlando or a owner/operator who wants to expand their business to the second floor of this property, while collecting rent from the Family Health Care Physician on the first floor. Financials can be provided upon request. The Colonial Drive market from Mills Avenue on the West and Bumby Avenue to the East is extremely popular and experiences some of the lowest vacancy turnovers in the entire Central Florida market.