705 E MICHIGAN STREET at

705 E MICHIGAN STREET

For sale Days on market 140

$549,000

$724/sq ft

$50,500
Price Decreased

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Overview

Year Built

1940

Sqft

758

Property Type

Office

Property Description

Under contract-accepting backup offers. Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue — one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals — including licensed estheticians — creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate over 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.

Property Details

MLS#

O6390393

Total Floor in Bldg

Address

705 MICHIGAN E

City

Orlando

State/county

Zip/Postal Code

32806

Area

Acreage

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,485

Maint Fee

$--

Tax Year

2025

Microwave

Refrigerator

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