1051 W Sand Unit ONE, Orlando, FL 32809

$5,000,000
25,298
SqFt
List Price
$5,000,000
Status
Active
Days on Market
269
Price Change
▲ $3,800,000 1518849280
MLS#
S4851750
Property Style
Retail
Year Built
1998
Living Area
25,298
Lot Size
132,156
Acres
3.03
Total Acreage
Two + to Five Acres
MLS Area Major
Orlando/Pinecastle/Oakridge/ Edgewood

Property Description

25,000 SF COMMERCIAL BUILDING located on 3+ ACRES of LAND next to FLORIDA MALL, a Prime Location, is available for investors and developers to acquire. Currently, the building is leased to an entertainment center. The lease term is ended on Dec 2023 with 5-year option. If the new buyer wants to terminate the lease, the Seller will help to work out the agreement. ABLE TO BUILD AN ADDITIONAL BUILDING of 7,000 - 10,000 sf on the side. Since the Restaurant Rental Rate in this area is very high (vs. all other industries' rate), it's better to rent out the new building for restaurant tenant. This potential income would bring a big increase in the CAP rate for the new owner. A MUST SEE PROPERTY. BRING YOUR OFFER. For showing: Appointment only. DO NOT DISTURB TENANT. -Located next to Florida Mall, the largest shopping center welcoming more than 20 million visitors each year and creating thousands of new jobs for the area. Some of them are $460 million Skyplex Complex, $400 million iSquare Mall & Hotel, Topgolf Orlando, Andretti Indoor Karting $ Games, etc. - Within 5-mile radius of Multi-Million Businesses and Approved Projects. -Excellent Corner Exposure with 42,000+ cars per day

Additional Information

Taxes
$47,565
Location
Central Business District, Near Public Transit, Neighbourhood, Shopping Center
Community Features
Activity Core/Center, No Deed Restriction
Zoning
C-2
Utilities
Electricity Connected
Heating
Central Building
Air Conditioning
Central Air
Pool
No Pool
Garage Features
Over 30 Spaces
Flood Zone Code
X

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of PARTNERSHIP REALTY INC.

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