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6.7% Cap Investment Opportunity 926 N Mills Ave 4,800 SF Retail Building Orlando, FL 32803 $2,699,000 ($562.29/SF)
INVESTMENT HIGHLIGHTS
- PRICE REDUCED $2,699,000 (6.7% cap rate on in-place NOI ) Cash flowing retail investment in the heart of Red Hot Mills/50
- Block building is 4,800 SF total, split into 3x 1,600SF bays. All spaces have been renovated in the last 5 years
- Six private parking spaces behind the building plus ample street parking
- Anchored by craft cocktail bar Death in the Afternoon since 2021. Two exciting new tenants bring total rent roll to $15K/month (180,000 annual NOI)
- Unrivalled walkability on one of Orlando most desirable retail corridors, City of Orlando offers many grant opportunities for façade improvements
- Parking lot at 1000 N Mills now available for purchase. Open unlimited possibilities with dedicated parking 340' from 926 N Mills- Call Broker
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built
1951
Price
$2,699,000
Price Per SF
$562.29
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.76
Lot Size
0.14 AC
Zoning
MU-1/T
Parking
6 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
77’ on Mills Ave
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-2229-4468-09-230 | Improvements Assessment | $624,726 |
| Land Assessment | $280,608 | Total Assessment | $905,334 |
PROPERTY TAXES
Parcel Number
24-2229-4468-09-230
Land Assessment
$280,608
Improvements Assessment
$624,726
Total Assessment
$905,334
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6.7% Cap Investment Opportunity | 926 N Mills Ave
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