2511 Church St Orlando, FL 32805-2329

Property Details for 2511 Church St

Year built

1988

Lot size

0.58 lot acres

Property size

4,386 SF

Zone code

C-1

Property type

Office buildings

APN

28-22-29-0000-00-090

APU

282229000000090

Description

This exceptional 4,386-square-foot office building, situated in downtown Orlando at 2511 W Church St, presents a compelling investment opportunity. Built in 1988 and extensively renovated in 2019, the single-story structure sits on a 25,417-square-foot lot and offers 4,182 square feet of net rentable space. The property boasts a desirable C-1 zoning and features five bathrooms, two walk-in showers, dedicated office spaces, and breakrooms. With ample parking (5 spaces per 1,000 sq ft), it's ideally suited for various uses. Previously operating as an adult daycare center licensed for 45 participants, the building is fully equipped and furnished, representing a turnkey operation. All furniture, fixtures, and equipment are included in the sale. The property's strong financial performance is reflected in its asking price of $1,000,000, a price per square foot of $228, and a pro-forma cap rate of 27.34%, yielding a pro-forma NOI of $273,434. The price per bed is $22,222.22. The potential exists to expand capacity by connecting to the sewer system. This central location is adjacent to a large skilled nursing facility and assisted living facility, offering significant advantages. This is an owner/user investment opportunity.