Single Tenant Optical
1311/1313 E. Michigan Street, Orlando, Florida 32806
Sold: $840,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,912 sqft
Land Size
0.23 acres
Zoning
P-O
Property Description
FOR SALE AT $895,000
- One-story, 1,912 SF medical building on 0.23 AC
- 5.36% initial CAP rate; tenant pays $4,000/month, NNN
- New 5-year lease effective February 2022 with 3% annual increases
- Current tenant is US Vision, founded in 1967
- Zoned P-O, Professional Office, Orange County
- Concrete block construction
- High level of interior finish, marble, and millwork
- High traffic count of 32,500 cars per day
- Ample parking
- RE taxes (2021) - $4,865.64
- Easy access to Interstate 4 (I-4) and Orange Avenue
