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    Downtown Orlando Restaurant Space Available Title is generated by Realmo AI

    2 S Orange Ave, Orlando, FL 32801

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    Prime downtown Orlando location with existing infrastructure for restaurant use.

    Type:Retail
    Property size:
    47,490 SF
    Added:
    Jan 26, 2026
    Days on Market:
    116
    Last Refresh:
    Apr 5 at 8:36 pm

    Property Features for 2 S Orange Ave

    General Information

    Standard status
    Active
    Size
    47,490 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1919

    Spaces For Lease

    at 2 S Orange Ave Contact us

    We can help!

    Listing Contact
    Jere Matheny

    Listing agent Jere Matheny

    Listing office First Capital Property Group

    Listing date Jan 26, 2026

    Source Corfac

    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 First Capital Property Group

    HighLights

    • Prime location in the heart of Downtown Orlando's Central Business District at the signalized intersection of Orange Ave and Central Ave with 11,250 AADT.
    • One of Downtown’s largest covered patios at ±1800 SF, supporting up to ten 4‑seat tables with access from both Central and Orange Ave.
    • Brand‑new 75 GPM grease trap, ventless kitchen hood system (never used), updated plumbing & electrical, and partially built‑out interior.
    • CRA grant funding approved for the site, reducing tenant buildout costs.
    • Direct access to a covered parking garage.
    • Fully occupied building with high‑wage professional tenants, including a full‑floor fitness center, providing a built‑in customer base.

    Overview

    This second-generation café/eatery/lounge space is available for rent in the heart of Downtown Orlando’s Central Business District. The space features a new 75 GPM grease trap, a ventless kitchen hood system that has never been used, updated plumbing and electrical systems, and a partially built-out interior. The building has unobstructed signage at the signalized intersection of Orange Ave and Central Ave, with an average annual daily traffic count of 11,250. Recent facade enhancements have been completed, and there is direct access to a covered parking garage. CRA grant funding has been approved for the site, potentially reducing tenant buildout costs. One of Downtown’s largest covered patios, approximately 1800 square feet, can accommodate up to ten 4-seat tables. Access is available from both Central and Orange Ave, creating ideal conditions for food, beverage, or café concepts to activate indoor-outdoor customer flow. The building is fully occupied by high-wage professional tenants, including a full-floor fitness center with showers and lockers, which attracts daily foot traffic and offers a built-in customer base for wellness, lifestyle, or food-focused retail operators on the ground floor. Situated at one of Downtown’s busiest hard corners, next to Jimmy John’s, the location offers high walkability and dual access from Central Ave & Orange Ave. The property is surrounded by restaurants, banks, hotels, and entertainment options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Woods April Law Firm A-Rudi Cuellar Lock Locksmith Customers Bank - Orlando, ... Bank Lavish Period (Bike/Boat/Book/etc) Store Theobald Dani Law Firm

    Suggested Use

    Restaurant Spa & Massage Center Real Estate Agency Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Aioli Gourmet Burgers Food Truck — 100 S Orange Ave, Orlando, FL 32801
    • Char-Don Outdoor Bar-B-Q Catering — Orlando, FL 32801
    • Buck's BBQ Company — 50 E Central Blvd, Orlando, FL 32801
    • I Am Chef Sam — 618 E South St STE 500, Orlando, FL 32801
    • Jacked Up Dawgs, LLC — 20 N Orange Ave Suite 1100, Orlando, FL 32801

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -82.1162811
    Latitude
    41.4232836

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    FAQs

    What type of property is this?
    Restaurant - Prime downtown Orlando location with existing infrastructure for restaurant use.
    Where is this restaurant located?
    The property is located at 2 S Orange Ave Orlando, FL.
    What are key features of this property?
    This property features: Prime location in the heart of Downtown Orlando's Central Business District at the signalized intersection of Orange Ave and Central Ave with 11,250 AADT.; One of Downtown’s largest covered patios at ±1800 SF, supporting up to ten 4‑seat tables with access from both Central and Orange Ave.; **Brand‑new 75 GPM grease trap, ventless kitchen hood system (never used), updated plumbing & electrical, and partially built‑out interior.**
    (407) 872-0177
    We can help!
    Listing Contact
    Jere Matheny
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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