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1101 East Colonial Drive, ORLANDO

$3,800,000

0 Beds
0 Baths
8,163 Sqft
.35 Acres
0 Garages

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.

1101 East Colonial Drive is in ORLANDO, FL. This Commercial Sale property for sale is currently being offered at $3,800,000. Built in 1926 this 0 bedroom, 0.00 bathroom Orange Commercial Sale property has been listed on RealtyInOrlando.com for 228 days. 1101 East Colonial Drive is priced at $465.52 Per Square Foot, and is situated on 0.35 acres of land. Please contact your local Realtor® for more information on 1101 East Colonial Drive, ORLANDO, FL 32803. Property Listing Reference: MLS number: O6112691.

Essential Information
MLS® #O6112691
Price$3,800,000
Bathrooms0.00
Square Footage8,163
Acres0.35
Year Built1926
TypeCommercial Sale
Sub-TypeRestaurant
StatusActive
HOA$0
Taxes$27,551
Community Information
Address1101 East Colonial Drive
AreaOrlando/Colonial Town
SubdivisionOVERSTREET OAK HILL SUB
CityORLANDO
CountyOrange
StateFL
Zip Code32803
Interior
CoolingCentral Air
# of Stories1
Exterior
FoundationSlab
Other Information
Date ListedJune 8th, 2023
Days on Market228
ZoningAC-1/T
Office

BLUE CHIP INTERNATIONAL REALTY LLC

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on May 8th, 2024 at 8:19am EDT.