Three-Way Corner Restaurant
For Sale
Contact for pricing
5101 E COLONIAL DR, Orlando, FL 32803
Operating restaurant on a three-way corner parcel with fenced perimeter, city sewer, and an additional vacant lot for expansion.
Property Size4,679 SF
Days on Market194
Property Features for 5101 E COLONIAL DR
General Information
Standard status
Active
Size
4,679 SF
Property subtype
Restaurant
Site & Location
Neighborhood
Colonial Town Center
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$22,674
Building Details
Building Size
4,679 SF
Year Built
1970
Listing Agency:
MAGICTOWN REALTY INC
Listed By:
Sam Song · License #3215201
(407) 900-1780
Source:
Thefullerproperties
Added: Apr 15
Changed: Oct 23
Last Checked: Oct 25 at 1:24AM
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 MAGICTOWN REALTY INC
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Investment Insights
Based on property information with market context.
This three-way corner commercial parcel is currently operating as a restaurant and is described as being maintained in excellent condition. The site includes recent improvements intended to reduce future infrastructure needs, including connection to city sewer and a brand-new lift station. Secure metal gates and perimeter fencing are also in place, supporting controlled access and ongoing site protection. In addition to the operating restaurant location, an extra vacant lot on the property provides an opportunity to expand or build to suit within the same ownership.
The property is positioned along a major corridor on E Colonial Drive, with over 60,000 vehicles per day (ADT) per the provided remarks. This combination of corner configuration and corridor exposure is designed to support strong visibility and convenient customer access. The site is identified as zoned for flexible commercial use, broadening the potential tenant or operator fit beyond restaurant concepts.
For an owner-user, the property offers a turn-key restaurant operation alongside the ability to expand using the included vacant lot. For investors, it provides an operating restaurant asset with supporting site improvements and a flexible commercial zoning designation, enabling future repositioning to a different concept if desired. The seller is offering the property due to retirement, and the remarks indicate this type of corner location is uncommon in the market.
The property is positioned along a major corridor on E Colonial Drive, with over 60,000 vehicles per day (ADT) per the provided remarks. This combination of corner configuration and corridor exposure is designed to support strong visibility and convenient customer access. The site is identified as zoned for flexible commercial use, broadening the potential tenant or operator fit beyond restaurant concepts.
For an owner-user, the property offers a turn-key restaurant operation alongside the ability to expand using the included vacant lot. For investors, it provides an operating restaurant asset with supporting site improvements and a flexible commercial zoning designation, enabling future repositioning to a different concept if desired. The seller is offering the property due to retirement, and the remarks indicate this type of corner location is uncommon in the market.
Key Highlights
- Single‑story 5,143 SF property built in 1970, currently operating as a restaurant
- 0.72‑acre, three‑way corner site on paved road surface
- Connected to public water and city sewer; includes a brand‑new lift station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,444
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,880
$2.0M
Cap Rate 7%
$1,406,343
$1.4M
Cap Rate 9%
$1,093,822
$1.1M
Market Conditions
NOI Build-Up for 4,679 SF
Gross rent
$135.9K $29.04/SF
− Vacancy
−$4.6K −$0.99/SF
EGI
$131.3K $28.05/SF
− OpEx
−$32.8K −$7.01/SF
NOI
$98.4K $21.04/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,880
Cap Rate 7%
$1,406,343
Cap Rate 9%
$1,093,822
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,444 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,509 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
62k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 53%
Shops & Services 21%
Home Improvements & Furnishings 14%
Beauty & Spa 6%
Best Buy
Electronics
32,926 visits/mo
0.4 miles
Rooms To Go Furniture Store
Home Improvements & Furnishings
4,964 visits/mo
0.1 miles
Cycle Gear
Shops & Services
3,685 visits/mo
0.2 miles
Tropical Smoothie Cafe
Dining
3,630 visits/mo
0.3 miles
Banfield Pet Hospital
Shops & Services
3,582 visits/mo
0.3 miles
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant on a three-way corner parcel with fenced perimeter, city sewer, and an additional vacant lot for expansion.
Where is this conventional restaurant located?
The property is located at 5101 E COLONIAL DR Orlando, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Single‑story 5,143 SF property built in 1970, currently operating as a restaurant; 0.72‑acre, three‑way corner site on paved road surface; Connected to public water and city sewer; includes a brand‑new lift station
