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1101 E Colonial Drive,  Orlando FL, 32803

(Active)
$3,800,000
|
8,163 sqft
|
MLS# O6112691
Last Updated: 5/16/2024 10:56 PM
Description for 1101 E Colonial Drive Orlando, FL 32803
Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District - an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue.This restaurant boasts a generous Gross Leasable Area (GLA) of 8,163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance.The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212,800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management.One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35,000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area.The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike.Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.
Price
$3,800,000
OVERSTREET OAK HILL SUB
Orange
8,163 (approx)
O6112691
Active
Description
Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District - an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue.This restaurant boasts a generous Gross Leasable Area (GLA) of 8,163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance.The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212,800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management.One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35,000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area.The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike.Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.
Listing Information
Property Type: Business Opportunities, 1 Story
0.35 Acres 8,163 (approx) 1926
1 Stucco
22//
OVERSTREET OAK HILL SUB
Slab
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
Stucco
AC-1/T
Driving Directions
I4 to East Colonial. Turn left onto N Mills. Property is on the right. Directly off East Colonial.
Financial Considerations
24-22-29-6492-06-180
$27,551
Listing Price History

Orlando Real Estate

Orlando is located in Florida. Orlando, Florida 32803 has a population of 295,984.

The median household income in Orlando, Florida 32803 is $78,294. The median household income for the surrounding county is $63,002 compared to the national median of $66,222. The median age of people living in Orlando 32803 is 37 years.

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Courtesy: BLUE CHIP INTERNATIONAL REALTY LLC, 407-988-6543


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/16/2024 10:56 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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