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Downtown Potential for Owner/ User! 701 E South St 9,918 SF Office Building Orlando, FL 32801 $2,450,000 ($247.03/SF) 6.16% Cap Rate
Investment Highlights
- Available for Owner-Occupant or New Tenant Q1 of 2027
- Signalized Intersection with ample parking on-site with views of Lake Olive and Constitution Park
- Two suites-+/- 7500 SF and +/- 2500 SF
- Beautifully renovated, including bathrooms, flooring, custom millwork in conference rooms, interior and exterior painting.
- 0.62 acre site, 10,243 leased SF in Downtown Orlando
- Medical office or Professional Office Use
Executive Summary
Owner-User or Investment potential. Rarely available site at the signalized corner of South Street and Summerlin Avenue. Downtown Orlando with views of scenic Constitution Park and Lake Olive.
Two Suites with one Tenant. Tenant will be vacating Q1 of 2027.
Two Suites with one Tenant. Tenant will be vacating Q1 of 2027.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,918 SF
Building Class
B
Year Built/Renovated
1986/2022
Price
$2,450,000
Price Per SF
$247.03
Cap Rate
6.16%
NOI
$150,920
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,959 SF
Slab To Slab
10’
Building FAR
0.37
Lot Size
0.62 AC
Zoning
O-1/T - Professional Office
Amenities
- Signage
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-2229-4712-00-050 | Improvements Assessment | $212,411 |
| Land Assessment | $1,250,369 | Total Assessment | $1,462,780 |
Property Taxes
Parcel Number
25-2229-4712-00-050
Land Assessment
$1,250,369
Improvements Assessment
$212,411
Total Assessment
$1,462,780
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Downtown Potential for Owner/ User! | 701 E South St
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