Listing by: Xiao Pang, BLUE CHIP INTERNATIONAL REALTY LLC, 407-988-6543

0 Beds

n/a Full bath

8,163 SqFt

Active

Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District – an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue. This restaurant boasts a generous Gross Leasable Area (GLA) of 8,163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance. The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212,800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management. One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35,000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area. The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike. Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.

Property Details
Price $3,800,000
Lot Size Area 15228
Lot Size Area Units Square Feet
Acres 0.35
Property Type Commercial
MLS Sub type Restaurant
Year Built 1926
Subdivision OVERSTREET OAK HILL SUB
Foundation Slab
Geographic Data
Directions I4 to East Colonial. Turn left onto N Mills. Property is on the right. Directly off East Colonial.
County Orange
Latitude 28.553466
Longitude -81.365226
Market Area 32803 - Orlando/Colonial Town
Address Information
Address 1101 E Colonial DRIVE, ORLANDO, FL 32803
Postal Code 32803
City ORLANDO
State FL
Country United States
Listing Information
Listing Office BLUE CHIP INTERNATIONAL REALTY LLC
Listing Office Phone 407-988-6543
Listing Agent Xiao Pang
Listing Agent Phone 407-988-6543
Buyer Agency Compensation 2%
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Ownership Corporation
Virtual Tour URL https://www.propertypanorama.com/instaview/stellar/O6112691
MLS® Information
Days on market 203
MLS® Status Active
Listing Date Jun 8, 2023
Listing Last Modified Apr 12, 2024
Tax ID 242229649206180
Tax Year 2022
Tax Annual Amount 27550
MLS® Area 32803 - Orlando/Colonial Town
MLS® # O6112691

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This information is believed to be accurate, but without any warranty.