5047 W Colonial DriveOrlando, FL 32808Price: $1,800,000

  • Price: $1,800,000
  • 190 Days on Market
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Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,800,000List Price
  • 0.47Acreage
  • 2,785Square Feet

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This property has been recently renovated with brand new HVAC, Roof, Hurricane-Proof Windows, Insulation, Plumbing, Asphalt and Concrete, and interior design (new floors, acoustic tile ceiling, bathrooms, doors, and new 1000 sqft storage area) in the beginning of 2023. Modern Awnings are expected to be installed still this year (2023) at current owner's investment. This modern construction with block outer walls and impeccable design could be the recession resistant investment you're looking for, currently leased to a well established Car Dealership in Orlando area that's been operating for 7+ years. This parcel offers excellent signage, 135ft of frontage and amazing exposure from W Colonial Dr for more than 40,000 cars per day. The 2,785 sqft renovated office/retail building sits on an almost half acre lot, allowing for plenty of parking space, possible additions, or product display. Investors' special! Current lease at $9,000.00 / month NNN, which averages 6% cap rate at current listing price. Please review brochures and disclosures for extra information. Rates and information are from sources we deem reliable and is subject to change without notice according to change in price and conditions. Any and all information contained in the description is being provided without any representation or warranty, express or implied, as to the accuracy or completeness of the information.

Property Details of 5047 W Colonial Drive

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Listed by SUMMERHILL REALTY GROUP LLC

Based on information submitted to StellarMLS as of March 1, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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