About this property
BANK OWNED !!!BRING ALL OFFERS, PRICE JUST REDUCED -$1,100,000 FOR QUICK SALE!!! 20,040 Square Foot multi-tenant retail community center built in 2009. The center has 12 - 26 X 60 (1560 SF) retail bays and one 22 X 60 (1320 SF) retail bay. Ten of the bays have never been occupied and have partial or no interior build-out. Suites 100, 104 and 107-112 are in grey shell condition but do have HVAC on the roof and plumbing stubbed out for restrooms. 101 & 105 have some build out. Unit 106 has a tenant under lease and unit 102 & 103 was a Dollar Discount store, but has been vacated. The site has two zonings C1 & C2. 72 parking spaces. 19.79% proforma cap rate at 80% occupancy. Currently 6.56% occupied.
The property in located just south of busy US 50 / Colonial Drive on Pine Hills Road. The area is dominated by several major highways, just one block off of Colonial and few blocks north of the 408 on the East side of Pine Hills Road. The traffic count on Colonial is 39000 cars per day.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 20,040 sqft
- Land Size
- 1.82 acres
- Sewer
- City
- Water
- City
- Zoning
- C-1 & C-2
- Year Built
- 2009
- Parking
- 72 Spaces
- Occupancy
- 6.56%
- Lease Type
- 810000
- Proforma Noi
- $160,320
- Proforma Cap Rate
- 19.79%
Location
- Address
-
639 N. Pine Hills Road
Orlando, Florida 32808