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Gelfand Realty Miami Properties - Commercial

1404 W COLONIAL, ORLANDO, FL 32804

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Commercial -

1404 W COLONIAL, ORLANDO, FL 32804

Sold Price$1,450,000 Asking Price$1,350,000

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  • Days on market:

    232 day(s)
  • Original Price:

    $1,350,000
  • Price per sqft:

    $126.58
  • Tax Legal Description:

    SPRING LAKE TERRACE N/6 THE W 20 FT LOT14 ALL OF LOTS 15 & 16 & E 28 FT LOT 17& ALL OF LOTS 22 & 23 BLK 7
  • Tax Year:

    2017
  • Property Type:

    Commercial
  • Parking:

    Over 30 Spaces
  • Lease Term Remaining:

    3 to 5 Years
  • Construction Type:

    StuccoBlockConcrete
  • Roof:

    Built-Up
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    Carpet TileVinyl
  • Special Listing Conditions:

    None
  • Lot Features:

    Central Business DistrictCity Lot Near Public Transit

Description

$1,350,000 • living size area 10665 sqft

Great location for business owner operator or investor looking to secure a downtown office building with 5+ parking spaces per 1,000 net sq.ft. located in the heart of metro orlando within the central business district and minutes from downtown; this property features two office buildings, which have had several capital improvements completed within the last few years. the property is accessible via two driveway entrances along the 162+/- of frontage off of heavily traveled colonial drive (29,000+ average daily traffic volume). the property also benefits from rear access off of arlington avenue to the large large parking lot. the two office buildings combine to total 10,665 net sq. ft. the two-story building comprises 9,065 net sq.ft., of which, 6,082 sq.ft. is on ground floor and 2,983 net sq.ft. is the second floor. the two-story building can be be utilized by one user or demised into three suites ranging from 2,900+/- sq.ft to 3,200+/- sq.ft. the stand alone converted office building consists of 1,600 net sq.ft. which is currently occupied by a medical supply company and is a only few months into a three year term lease. this is an ideal scenario for an owner user occupying the entire two story building while bring in rental income from the adjoining stand alone building.

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