1101 E COLONIAL DRIVE ORLANDO FL 32803 MLS #O6112691

There are multiple listings for this address:
1101 E COLONIAL DRIVE
ORLANDO, FL, 32803
$3,800,000
Beds
0 Baths
8,163 SqFt
0.35 Acres
Add
Add
$3,800,000
1101 E COLONIAL DRIVE
ORLANDO, FL, 32803
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
MLS #:
O6112691
Status:
Active
Beds:
0
Baths:
0
Address:
1101 E COLONIAL DRIVE
Type:
Commercial
Subtype:
Restaurant
Subdivision:
OVERSTREET OAK HILL SUB
City:
ORLANDO
Listed Date:
Apr 12, 2024
State:
FL
Finished Sq Ft:
8,163
ZIP:
32803
Lot Size:
15,228 sqft / 0.35 acres (approx)
Year Built:
1926

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Stucco

Financial

Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$27,551
Need more info?
Ask a Question
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1101 E COLONIAL DRIVE
ORLANDO, FL
1101 E COLONIAL DRIVE
ORLANDO, FL, 32803
$229,264
Beds
0 Baths
8,188 SqFt
0.35 Acres
Add
Add
$229,264
1101 E COLONIAL DRIVE
ORLANDO, FL, 32803
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:
$229,264
MLS #:
O6152603
Status:
Active
Beds:
0
Baths:
0
Address:
1101 E COLONIAL DRIVE
Type:
Commercial Lease
Subtype:
Restaurant
Subdivision:
OVERSTREET OAK HILL SUB
City:
ORLANDO
Listed Date:
Oct 25, 2023
State:
FL
Finished Sq Ft:
8,188
ZIP:
32803
Lot Size:
15,228 sqft / 0.35 acres (approx)
Year Built:
1926

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Stucco

Financial

Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$27,551
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Mortgage Calculator

 

Map