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4702 W Colonial Dr 1,300 SF Retail Building Orlando, FL 32808 $1,285,000 ($988.46/SF) 6.26% Cap Rate
Executive Summary
*10 Year NNN Lease
*2 Separate Income Producing Parcels
*New Roof, HVAC, and Tenant Renovations in 2022
*Landlord covers Roof and Structure. Tenant covers all other items
*Tenant is a well-established Auto Dealership in the Orlando Market
*Over ½ Acre C-3 Zoned Site
*High Traffic Exposure with over 43,000 Cars per Day
*Excellent Street Signage
*$6349 NNN a month with 3% annual increases
*2 Separate Income Producing Parcels
*New Roof, HVAC, and Tenant Renovations in 2022
*Landlord covers Roof and Structure. Tenant covers all other items
*Tenant is a well-established Auto Dealership in the Orlando Market
*Over ½ Acre C-3 Zoned Site
*High Traffic Exposure with over 43,000 Cars per Day
*Excellent Street Signage
*$6349 NNN a month with 3% annual increases
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,300 SF
Building Class
C
Year Built
1957
Price
$1,285,000
Price Per SF
$988.46
Cap Rate
6.26%
NOI
$80,378
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
C-3 - C-3 zoning which allows for flexible uses to include Auto Sales, Retail, Office, Medical and More.
Frontage
170’ on Colonial Drive
Amenities
- Corner Lot
- Fenced Lot
- Pylon Sign
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-2229-9160-02-010 | Improvements Assessment | $148,440 |
| Land Assessment | $264,803 | Total Assessment | $500,005 |
Property Taxes
Parcel Number
29-2229-9160-02-010
Land Assessment
$264,803
Improvements Assessment
$148,440
Total Assessment
$500,005
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