705 E Michigan St 758 SF 100% Leased Office Building Orlando, FL 32806 $579,000 ($763.85/SF) 8% Cap Rate

This fully stabilized income-producing property offers a rare opportunity along one of Orlando’s highest-traffic corridors, Michigan Avenue, which averages over 24,000 vehicles daily. The building has undergone a complete transformation from residential to commercial use, with a comprehensive gut renovation completed in 2023. Upgrades include a new roof, windows, flooring, lighting, kitchen, appliances, granite countertops, tankless water heater, and vanities, ensuring modern functionality and minimizing near-term capital expenses.
The property currently supports four tenants specializing in women’s wellness and beauty services, providing natural synergies and steady referral traffic. This arrangement generates approximately $4,700 per month in gross income, resulting in a cap rate near 8% after expenses. Located in the heart of the SODO District, the site benefits from immediate access to major arterials including I-4 and SR-408, enhancing connectivity to Downtown Orlando, the region’s employment hub, and a dense residential base. Buyers seeking a turnkey investment with strong cash flow and long-term positioning in a growth corridor will find exceptional value in this asset.