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Orlando Retail/Redevelopment

1011-1015 W. Colonial Avenue, Orlando, Florida 32804
Sold: $620,000
Orlando Retail/Redevelopment

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
9,556 sqft
Land Size
14,928 sqft
Sewer
City
Water
City
Zoning
MU-1T
Electric
Duke
Year Built
1930
Roof
Metal
Parking
15+
Construction
Concrete block

Property Description

Retail/Redevelopment Opportunity

These two retail parcels front West Colonial and share common dividing walls.

1011 W Colonial has a street address of 1011 &1013 W Colonial. 1011 W Colonial has 4560 sq. ft of building with an 1800 sq ft +/- downstairs and 784 sq ft +/- apartment upstairs. This building is currently vacant. 1013 W Colonial is 1976 sq ft +/- with a month to month tenant. Built in 1930 it sits on 6625 sq.ft.of land.This is an end cap to the building.

1015 W Colonial has street addresses of 1015-1019A. 1015 W Colonial is 1776 sq ft +/- with a tenant signed thru 11/20, but can be removed. 1017 W Colonial is 1776 sq.ft. +/- with a tenant through 5/2018. 1019 A W. Colonial has 1444 sq ft +/- with a tenant thru 2/18. Built in 1955 the lot size is 8303 sq ft.the building size is 4996 sq.ft.

The lot directly across the street is currently in the process of being redeveloped. Redevelopment can be 3 stories high (or 75 ft) with a land/building ratio of 50%. This can be a portfolio sale with 715 Ellwood. Combined with 1001 Colonial that is 54270 sq ft of land with a building size of 27135 sq ft.

Valencia & UCF are growing rapidly within a few miles. There is a growing need for retail and services in this area. Traffic count daily is 48,000. This is a rare opportunity for the entrepreneurially minded!

Location

Contact

Robin Kesler, CCIM
Robin Kesler, CCIM
Optima Real Estate
Mobile: (407) 402-1400
[email protected]