1101 E Colonial DriveOrlando, FL 32803MLS Number O6112691

  • Price: $3,800,000
  • 404 Days on Market
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
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1101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 328031101 E Colonial Drive Orlando FL 32803
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  • 0.35Acreage
  • 1926Year Built
  • 8,188Square Feet
Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District - an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue. This restaurant boasts a generous Gross Leasable Area (GLA) of 8,163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance. The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212,800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management. One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35,000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area. The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike. Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.
Listing Courtesy of BLUE CHIP INTERNATIONAL REALTY LLC

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Location Information

  • Road Frontage["Highway"]

Basic Information

  • Property SubTypeRestaurant
  • Virtual TourView Tour

Property

  • Living Area 8163
  • ZoningAC-1/T

Utilities

  • Cooling Central Air

Water Body

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

Other

  • Date Listed06/08/2023
  • MFR Flood Zone Code X
  • View Count155

Basic Information

  • List Price$3,800,000
  • MLS NumberO6112691
  • Mls Status Active
  • StatusACT

Building

  • Building Area Source Public Records
  • MFR Ceiling Height 10 to 15 Feet
  • Stories1
  • Year Built1926

Property Information

  • Acreage0.35
  • Construction Materials Stucco
  • Lot Size Square Feet 15,228
  • MFR Total Acreage 1/4 to less than 1/2
  • Square Feet8,188

Tax Information

  • Tax Year 2022
  • Taxes$27,550

Location

  • Address1101 E Colonial Drive
  • AreaOrlando/Colonial Town
  • Building Number1101
  • CountyOrange
  • StateFL
  • StreetColonial
  • SubdivisionOverstreet Oak Hill Sub
  • TownOrlando
  • Township 22
  • Zip32803
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 15, 2024 . 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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