Multi-Tenant Investment Property
3240 W. Colonial Drive, Orlando, Florida 32808
Sold: $975,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
10,189 sqft
Land Size
1.03 acres
Zoning
AC-2
Year Built
1985
Parking
22 Parking Spaces
Property Description
- (2) Buildings totaling 10,189 SF, 100% leased
- Existing tenants are on the 2nd round of renewal options
- 3240: Rented to Rent N Roll and is 5,189 SF and 100% AC space
- 3248: Rented to Low Price Auto Glass and is a 5,000 SF warehouse built in 2004 with 300 SF of office space
- 1.03 acres zoned AC-2 (200' x 225' lot with 22 parking spaces)
- Dual curb cut access points on both the east and west side of the site
- Large pole sign and great building signage
- Both Leases expire in 3 years with options to renew
- Current rents are below market values leaving upside potential
- Net Operating Income: $83,071
- PRICED TO SELL FAST
- Sales Price: $750,000 (11% CAP Rate)