Reinforced Concrete Retail and Office Building

5068 W COLONIAL Dr 15, Orlando, FL 32808

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For Sale

$2,500,000

Reinforced concrete building with flexible interior layout for retail, medical, office, and other compatible commercial uses.

Type:Commercial

Property size:

10,555 SF

Price / SF:

$236/SF

HighLights

Reinforced concrete commercial building built in 1989 with approximately 10,555 SF.
Flexible interior layout suitable for multiple permitted uses including restaurant, retail, medical, educational, and fitness.
Also compatible with entertainment, cultural, professional office, showroom, and corporate headquarters operations.
Located on highly traveled W Colonial Drive (SR 50) adjacent to Enson Market.
Easy access to I‑4 and SR 408, with Downtown Orlando minutes away.

We can help!

Listing Contact

Qinghe Meng

Learn more

For Sale

$2,500,000

Reinforced concrete building with flexible interior layout for retail, medical, office, and other compatible commercial uses.

Type:Commercial

Property size:

10,555 SF

Price / SF:

$236/SF

Added:: Jun 15, 2026
Days on Market:: 8
Last Refresh:: Jun 16 at 4:47 am

Property Features for 5068 W COLONIAL Dr 15

General Information

Standard status: Active
Size: 10,555 SF
Property subtype: Commercial

Building Details

Year Built: 1989

We can help!

Listing Contact

Qinghe Meng

Listing agent Qinghe Meng License #3512866

Listing office

Listing date Jun 15, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Qinghe Meng

HighLights

Reinforced concrete commercial building built in 1989 with approximately 10,555 SF.
Flexible interior layout suitable for multiple permitted uses including restaurant, retail, medical, educational, and fitness.
Also compatible with entertainment, cultural, professional office, showroom, and corporate headquarters operations.
Located on highly traveled W Colonial Drive (SR 50) adjacent to Enson Market.
Easy access to I‑4 and SR 408, with Downtown Orlando minutes away.

Overview

This reinforced concrete commercial building offers a durable, roof-structure extension design intended for long-term performance. The property’s floor plan is described as flexible, supporting a range of compatible commercial uses, including retail, restaurant, medical, educational, fitness, entertainment, cultural, professional office, showroom, and corporate headquarters operations. The building configuration and construction are positioned to accommodate different tenant requirements while maintaining a strong, structurally oriented base.

Located on W Colonial Drive (SR 50) in the heart of Orlando’s Chinatown, the property is positioned adjacent to Enson Market. The site benefits from high-visibility exposure along one of Central Florida’s major commercial corridors. Access to the broader Orlando region is supported by convenient proximity to I-4 and SR 408, with Downtown Orlando described as just minutes away.

For buyers seeking an owner-occupant option or an adaptable commercial platform, the building’s flexible use set and reinforced concrete construction can support a variety of service and retail concepts under one roof. For investors and operators evaluating properties on established retail corridors, this asset’s mixed-use compatibility and prominent frontage on SR 50 may be attractive for tenants looking for a durable, versatile space.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$306.5k	$29.04
− Vacancy	−$10.4k	−$0.99
EGI	$296.1k	$28.05
− OpEx	−$88.8k	−$8.42
NOI	$207.3k	$19.64

10,555 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.96M

$2.59M – $3.45M (±1% cap)

NOI $207,267 @ 7.0% cap · market cap 8.29%

Second Best

Office B

$2.82M

$2.46M – $3.29M (±1% cap)

NOI $197,115 @ 7.0% cap · market cap 7.88%

Theoretical Best

Office A

$3.40M

$2.98M – $3.97M (±1% cap)

NOI $238,009 @ 7.0% cap · market cap 9.52%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Sunlight Home Center Department Store Car-Boat-Property Donation Process ... Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Orlando
County: Brevard
State: Florida
Longitude: -81.4496201
Latitude: 28.5512376

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For sale
Retail space
FL
Orlando
32808
5068 W COLONIAL Dr 15

What type of property is this?

Retail space - Reinforced concrete building with flexible interior layout for retail, medical, office, and other compatible commercial uses.

Where is this retail space located?

The property is located at 5068 W COLONIAL Dr 15 Orlando, FL.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Reinforced concrete commercial building built in 1989 with approximately 10,555 SF.; Flexible interior layout suitable for multiple permitted uses including restaurant, retail, medical, educational, and fitness.; Also compatible with entertainment, cultural, professional office, showroom, and corporate headquarters operations.