5700 E Colonial DriveOrlando, FL 32807MLS Number O6010822

  • Price: $7,900,000
  • 110 Days on Market
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Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
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5700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 328075700 E Colonial Drive Orlando FL 32807
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  • 7.75Acreage
  • 1975Year Built
  • 53,861Square Feet
This 7.75 acre property is anchored by the intersection of two major commercial arterials: State Road 436 (Semoran Blvd) and State Road 50 (Colonial Drive). This location is a gateway to key governmental, financial, and commercial institutions. SR50 runs through Downtown Orlando which is the central business district of the area. The intersection of these two arterials, which is where the property is sited, provides a connection between residential, commercial and governmental entities that is recognized by the City of Orlando and Orange County as the SR436/SR50 Corridor Overlay District. The property is approved for 90,000SF of retail space and zoned C-2. This is a prime site for a re-development opportunity. 53,861 SF building in shell condition, can be renovated or incorporated into a new project or demolished and used for Impact & Development Fee credits with Orange County. This is a highly visible corner with frontage on both 436 and East Colonial. Great site for future CVS, Walgreens, grocery store, or other retail user. This property is part of a redevelopment plan intended to create a more cohesive land use pattern and to improve the multimodal transportation system. The Seller will consider selling the Northern 3+- acres with 8,000-10,000 SF building for $2,500,000 and the Southern portion of the property with approximately 4-5 acres with a 40,000-45,000 Sf Building for $7,500,000. Seller says sell! Make offer!
Listing Courtesy of THE WILLIAMS REAL ESTATE CO

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More Info

Location Information

  • Road Frontage["State Road"]

Basic Information

Property

  • Living Area 53861
  • ZoningC-2

Utilities

  • Cooling ["Central Air"]

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Other

  • Date Listed03/17/2022
  • MFR Flood Zone Code X
  • View Count20

Basic Information

  • List Price$7,900,000
  • MLS NumberO6010822
  • Mls Status Active
  • StatusACT

Building

  • Building Area Source Public Records
  • Garage Spaces
  • Stories1
  • Year Built1975

Property Information

  • Acreage7.75
  • Construction Materials ["Block"]
  • Lot Size Square Feet 337,664
  • MFR Total Acreage 5 to less than 10
  • Square Feet53,861

Tax Information

  • Tax Year 2021
  • Taxes$76,472

Location

  • Address5700 E Colonial Drive
  • AreaOrlando/Azalea Park/Park Manor
  • Building Number5700
  • CountyOrange
  • Directions East colonial drive at semoran boulevard (sr436) se corner
  • StateFL
  • StreetColonial
  • TownOrlando
  • Township 22
  • Zip32807
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of July 5, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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