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Orlando Mixed-Use Development Portfolio

716 W ROBINSON STREET, Orlando, FL 32805

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For Sale

$2,100,000

1.40-acre portfolio in Orlando's Innovation District near key attractions.

Type:Commercial

Property size:

10,902 SF

Lot size:

0.34 Acres

Price / SF:

$192/SF

HighLights

Diversified 1.40‑acre mixed‑use portfolio in Downtown Orlando's Innovation District.
Located within a U.S. Department of Treasury Community Development Financial Institutions Fund designated area.
Walking distance to key Orlando attractions and amenities.
Includes a 10,902 SF building with MU‑1/T/PH and R2B/T/PH zoning, allowing for mixed residential and office use.
Multiple vacant land parcels with R2B/T/PH zoning suitable for single‑family homes, duplexes, or small apartment buildings.
Potential for development of up to 16 units when combining certain adjacent vacant land parcels.

We can help!

Listing Contact

ORLANDO MONTERO

For Sale

$2,100,000

1.40-acre portfolio in Orlando's Innovation District near key attractions.

Type:Commercial

Property size:

10,902 SF

Lot size:

0.34 Acres

Price / SF:

$192/SF

Added:: Mar 13, 2023
Days on Market:: 1187
Last Refresh:: May 10 at 10:27 pm

Property Features for 716 W ROBINSON STREET

General Information

Standard status: Active
Size: 10,902 SF
Lot size: 0.34 Acres
Property subtype: Commercial

Building Details

Year Built: 1930

We can help!

Listing Contact

ORLANDO MONTERO

Listing agent ORLANDO MONTERO License #BK3294461

Listing office ALPHA R.E. OF CENTRAL FL LLC

Listing date Mar 13, 2023

Source Corcoran

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 ALPHA R.E. OF CENTRAL FL LLC

HighLights

Diversified 1.40‑acre mixed‑use portfolio in Downtown Orlando's Innovation District.
Located within a U.S. Department of Treasury Community Development Financial Institutions Fund designated area.
Walking distance to key Orlando attractions and amenities.
Includes a 10,902 SF building with MU‑1/T/PH and R2B/T/PH zoning, allowing for mixed residential and office use.
Multiple vacant land parcels with R2B/T/PH zoning suitable for single‑family homes, duplexes, or small apartment buildings.
Potential for development of up to 16 units when combining certain adjacent vacant land parcels.

Overview

This diversified portfolio comprises 11 parcels totaling 1.40 acres in downtown Orlando's Innovation District. The properties are conveniently located within walking distance of Creative Village, Orlando City Soccer Exploria Stadium, and the Amway Center. The location is within the U.S. Department of Treasury’s Community Development Financial Institutions Fund designated area, potentially qualifying for the Bank Enterprise Award, Capital Magnet Fund, and the Equitable Recovery programs. The portfolio includes a 10,902 square foot building at 716 W Robinson St, zoned MU -1/T/PH R2B/T/PH, with a total of 11,376 square feet. There are also three adjacent vacant land parcels at 726 W. Robinson St, 732 W. Robinson St, and 217 Garden Ave, zoned R2B/T/PH, totaling 26,360 square feet when combined with 716 W Robinson St, allowing for a total of 4 single family units. Additionally, there are four adjacent vacant land parcels at 222 N Parramore Ave, 214 N Parramore Ave, 211 McQuigg Ave, and 215 McQuigg Ave, zoned MU -1/T/PH R2B/T/PH, totaling 26,136 square feet, allowing for a total of 16 units. A one-story duplex is located at 209 Garden Ave, zoned R2B/T/PH, with a total of 3,596 square feet. There is also a vacant land parcel at 202 McQuigg Ave, zoned R2B/T/PH, with a total of 3,596 square feet, and a vacant land parcel at 824 W. Robinson St, zoned R2B/T/PH, with a total of 3,596 square feet. MU -1/T/PH zoning allows for Medium Intensity Mixed Residential and Office with a maximum height of 35 ft, while R2B/T/PH zoning allows for single family homes, duplexes, small apartment buildings of 3—5 units, garage apartments and accessory apartments with a maximum height of 30 ft.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$235.5k	$21.60
− Vacancy	−$14.5k	−$1.33
EGI	$221.0k	$20.27
− OpEx	−$66.3k	−$6.08
NOI	$154.7k	$14.19

10,902 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$2.21M

$1.93M – $2.58M (±1% cap)

NOI $154,668 @ 7.0% cap · market cap 7.37%

Second Best

Mixed Use

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $143,906 @ 7.0% cap · market cap 6.85%

Theoretical Best

Office A

$3.51M

$3.07M – $4.10M (±1% cap)

NOI $245,834 @ 7.0% cap · market cap 11.71%

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

Property Profile Location Intelligence

Current Use by Public Records

Stadium Stylz Cutz Barber Shop L.O.R.T. 360 PhotoVation Photography Service Serenity's Grace Food Bank SlimDabarber Cutz Barber Shop Impossible Housing Inc. Real Estate Agency

Suggested Use

Location Insight

Map
Local Demand

City: Orlando
County: Brevard
State: Florida
Longitude: -81.39
Latitude: 28.5456

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For sale
Mixed-use properties
FL
Orlando
32805
716 W ROBINSON STREET

What type of property is this?

Mixed-use property - 1.40-acre portfolio in Orlando's Innovation District near key attractions.

Where is this mixed-use property located?

The property is located at 716 W ROBINSON STREET Orlando, FL.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Diversified 1.40‑acre mixed‑use portfolio in Downtown Orlando's Innovation District.; Located within a U.S. Department of Treasury Community Development Financial Institutions Fund designated area.; Walking distance to key Orlando attractions and amenities.