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Renovated Office Building For Sale

701 E SOUTH St, Orlando, FL 32801

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For Sale

$2,450,000

Government-tenanted, renovated office building with long-term investment potential.

Type:Commercial

Property size:

10,000 SF

Lot size:

0.62 Acres

Price / SF:

$245/SF

HighLights

Long‑term governmental tenant in place.
Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.
Approximately 10,000 square feet of prime usable space.
Two integrated units with a versatile layout including conference rooms, private offices, and staff lounges.
New security system and LED lighting for enhanced safety and energy efficiency.
Elevator and multiple stairways provide easy access throughout the building.

We can help!

Contact an agent

Kimberly Robinson

For Sale

$2,450,000

Government-tenanted, renovated office building with long-term investment potential.

Type:Commercial

Property size:

10,000 SF

Lot size:

0.62 Acres

Price / SF:

$245/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 4:39 pm

Property Features for 701 E SOUTH St

General Information

Standard status: Active
Size: 10,000 SF
Lot size: 0.62 Acres
Property subtype: Commercial

Building Details

Year Built: 1986

We can help!

Contact an agent

Kimberly Robinson

Listing office DOVER INTERNATIONAL CO., INC.

Listing date Mar 11, 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 DOVER INTERNATIONAL CO., INC.

HighLights

Long‑term governmental tenant in place.
Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.
Approximately 10,000 square feet of prime usable space.
Two integrated units with a versatile layout including conference rooms, private offices, and staff lounges.
New security system and LED lighting for enhanced safety and energy efficiency.
Elevator and multiple stairways provide easy access throughout the building.

Overview

This renovated property presents an investment opportunity with a long-term governmental tenant. The building has undergone renovations, including fresh exterior and interior paint and updated restrooms. The office and conference room layouts have been reconfigured, and a new security system has been installed. New galvanized steel stairs have been added, and the lighting has been transitioned from fluorescent to LED, reducing energy costs. The property encompasses approximately 10,000 square feet of usable space and consists of two units that integrate. An elevator and multiple stairways provide access to a versatile layout, including conference rooms, private offices, partitioned spaces, staff lounges, and restrooms on each floor.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$300.0k	$30.00
− Vacancy	−$51.0k	−$5.10
EGI	$249.0k	$24.90
− OpEx	−$62.3k	−$6.23
NOI	$186.8k	$18.67

10,000 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.67M

$2.33M – $3.11M (±1% cap)

NOI $186,750 @ 7.0% cap · market cap 7.62%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,494 @ 7.0% cap · market cap 9.20%

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

Property Profile Location Intelligence

Current Use by Public Records

Preferred Benefits Consultants Insurance Agency Mount Pleasant Baptist ... Church Power Praise & Deliverance Church Representative Scott Randolph State Government Office Ltf Solutions, llc Consultant

Suggested Use

Location Insight

Map
Local Demand

City: Orlando
County: Brevard
State: Florida
Longitude: -81.3677
Latitude: 28.5389

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For sale
1031 exchange properties
FL
Orlando
32801
701 E SOUTH St

What type of property is this?

1031 exchange property - Government-tenanted, renovated office building with long-term investment potential.

Where is this 1031 exchange property located?

The property is located at 701 E SOUTH St Orlando, FL.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: Long‑term governmental tenant in place.; Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.; Approximately 10,000 square feet of prime usable space.