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121-189 S Orange Ave - The Plaza 4,818 - 6,784 SF Condo Units Offered at $1,190,000 - $2,695,000 Per Unit in Orlando, FL 32801
Investment Highlights
- Beautiful custom office space available
- Fine and casual dining options available
- 12-screen Plaza Cinema Movie Theater and Café on site
- A true live, work, play development
- 1,600 space structured parking garage
- Just blocks from City Hall, The New Performing Arts Center, New Amway Arena and proposed Sun Rail Stop
Executive Summary
THE PLAZA, Anchors Downtown Orlando’s Core Business District and is a Headway to the vibrant Sports Corridor. It was completed in 2007 and is considered one of the finest high-rises in Orlando. It consists of both retail spaces (on the first floor) and office condos. The office suites are of top-grade quality. Built according to spec, the office condos spacious and luxurious appeal make these suites a HOT item especially at these rates! The Plaza boasts the following amenities -coffee shop, several restaurants, and salon.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User |
| Sale Type | Owner User |
Sale Notes
Prime Retail Opportunity in Heart of Downtown Orlando. Chase Plaza - Adjacent to High end Restaurants, Clubs and Retail. Space currently vacant and ready for your concept. This is a set of three office condos. Could be split down to 1400 Sq. Ft. Contact for details. Large Kitchen and seating area.
| Sale Type | Owner User |
| Sale Type | Owner User |
Description
Prime corner unit with sweeping views of Lake Eola and Downtown Orlando. This Suite offers 14 private offices, a large conference room, a break room, and a reception area. Available furnished or unfurnished. Call now for your private tour!
| Sale Type | Investment | Cap Rate | 5.62% |
| Sale Type | Investment |
| Cap Rate | 5.62% |
Description
The two units, 1520 and 1530, are currently built out as five smaller office suites. Two of which are corner units, one has a balcony, and the other two are smaller footprints, which are rare and hard to come by. These smaller-sized units allow for a higher base rent, less vacancy, and a lower turnover when compared to the typical 3-4k RSF office condo in The Plaza.
Sale Notes
Fully Leased Office Condo Investment
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1st Floor Retail | 5,993 SF | Retail | $2,695,000 ($449.69/SF) | - |
| Unit 840N | 4,818 SF | Office | $1,190,000 ($246.99/SF) | - |
| Unit 1520-1530 | 6,784 SF | Office | $1,600,000 ($235.85/SF) | $89,920 |
Unit 1st Floor Retail
| Unit Size |
| 5,993 SF |
| Condo Use |
| Retail |
| Price |
| $2,695,000 ($449.69/SF) |
| NOI |
| - |
Unit 840N
| Unit Size |
| 4,818 SF |
| Condo Use |
| Office |
| Price |
| $1,190,000 ($246.99/SF) |
| NOI |
| - |
Unit 1520-1530
| Unit Size |
| 6,784 SF |
| Condo Use |
| Office |
| Price |
| $1,600,000 ($235.85/SF) |
| NOI |
| $89,920 |
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Unit 1st Floor Retail
| Unit Size | 5,993 SF |
| Condo Use | Retail |
| Price | $2,695,000 ($449.69/SF) |
| NOI | - |
| Sale Type | Owner User |
| Sale Notes | |
| Prime Retail Opportunity in Heart of Downtown Orlando. Chase Plaza - Adjacent to High end Restaurants, Clubs and Retail. Space currently vacant and ready for your concept. This is a set of three office condos. Could be split down to 1400 Sq. Ft. Contact for details. Large Kitchen and seating area.</li></ul> |
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Unit 840N
| Unit Size | 4,818 SF |
| Condo Use | Office |
| Price | $1,190,000 ($246.99/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| Prime corner unit with sweeping views of Lake Eola and Downtown Orlando. This Suite offers 14 private offices, a large conference room, a break room, and a reception area. Available furnished or unfurnished. Call now for your private tour!</li></ul> |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 1520-1530
| Unit Size | 6,784 SF |
| Condo Use | Office |
| Price | $1,600,000 ($235.85/SF) |
| NOI | $89,920 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Description | |
| The two units, 1520 and 1530, are currently built out as five smaller office suites. Two of which are corner units, one has a balcony, and the other two are smaller footprints, which are rare and hard to come by. These smaller-sized units allow for a higher base rent, less vacancy, and a lower turnover when compared to the typical 3-4k RSF office condo in The Plaza.</li></ul> | |
| Sale Notes | |
| Fully Leased Office Condo Investment</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 500,000 SF | Floors | 21 |
| Property Type | Office | Typical Floor Size | 1,900 SF |
| Property Subtype | Office/Residential | Year Built | 2006 |
| Building Class | A | Lot Size | 2.19 AC |
| Zoning | AC-3A/T/HP - High-density downtown business district | ||
| Total Building Size | 500,000 SF |
| Property Type | Office |
| Property Subtype | Office/Residential |
| Building Class | A |
| Floors | 21 |
| Typical Floor Size | 1,900 SF |
| Year Built | 2006 |
| Lot Size | 2.19 AC |
| Zoning | AC-3A/T/HP - High-density downtown business district |
Amenities
- 24 Hour Access
- Banking
- Controlled Access
- Conferencing Facility
- Courtyard
- Food Service
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Outdoor Seating
- Air Conditioning
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
21,696
99,405
294,351
2025 Population
25,695
111,678
318,995
Population Growth '20-'25
18.4%
12.4%
8.4%
2020 Households
11,895
46,586
123,333
2025 Households
14,202
52,679
134,719
Household Growth '20-'25
19.4%
13.1%
9.2%
Average Age
40
41
40
Median Household Income
$71,374
$84,000
$70,402
Daytime Employees
61,586
151,575
254,484
Total Businesses
6,686
19,218
33,120
College Degree + Higher
47%
43%
34%
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Your Office USA |
16,624 SF
|
-
|
| Baker Barrios Architects, Inc. |
11,747 SF
|
-
|
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121-189 S Orange Ave - The Plaza
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