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Multi Family - for Sale

17201 E COLONIAL, ORLANDO, FL 32820

Asking Price$3,800,000

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  • Days on market:

    120 day(s)
  • Original Price:

    $3,800,000
  • Tax Legal Description:

    BEG INT OF N R/W LINE SR 50 & E LINE OFNW1/4 OF SW1/4 TH NWLY ON R/W 430 FT N TO N LINE OF SW1/4 E TO NE COR OF NW1/4 OF SW1/4 S TO POB IN SEC 21-22-32
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    Metal Siding
  • Cooling Description:

    Other
  • Special Listing Conditions:

    None

Description

$3,800,000

We are pleased to present this 7.88 aces industrial site for sale! the current owner/business is generating $20,000-$30,000/month, has approximately 60 vehicles parking on his property and they pay by zelle or cash app - there are operational cameras on the property for security, the owner has been told it should be easy to convert the agricultural zoning portion in the back to the same zoning c3 if you go through the process, potential to clear all the trees in the front as long as you put up a wall and got proper permitting. current ownership has a general liability policy at $2 million and cost approx. $1500/year. there is approximately 2.5 to 3 acres of concrete on the ground from the previous tarmac cement factory. the owner exclusively leases 10 parking spaces to the truck parking club and they pay $20 daily or $380 a month and then they up-charge it to $25/day through their membership. you can fill in the pond, but it would require mitigation payment to fill in the pond, even though it is man-made from tarmax years ago. the owner has a clean report from biotech that was done just a few years ago

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