118 Jefferson St Orlando, FL 32801-1828

Property Details for 118 Jefferson St

Year built

1925

Lot size

0.09 lot acres

Property size

7,941 SF

Zone code

AC-3A/T

Property type

Office buildings

APN

26-22-29-7352-31-012

APU

262229735231012

Description

This exceptional Class A, three-story office building, totaling 7,941 square feet, presents a compelling investment opportunity in the heart of downtown Orlando. Built in 1925 and extensively renovated in 2004, the property boasts 26 executive and creative office suites, a conference room, reception area, and six private bathrooms. Currently housing 15 tenants on month-to-month agreements, the building offers significant upside potential for increased occupancy and rental income. The property features a new roof (2023) and newer HVAC systems, ensuring efficient operation and reduced maintenance costs. Financial projections indicate a strong pro-forma NOI of $174,864, representing a 7.97% pro-forma cap rate. The current NOI is $94,079, with a 4.29% cap rate and 60% occupancy. The asking price is $2,195,000, translating to $84,423.08 per unit and $276.41 per square foot. The property is offered fee simple, with seller financing available to qualified buyers. Located at 118 E Jefferson St, Orlando, FL 32801 (APN: 26 22 29 7352 31 012), this property is ideally situated to capitalize on the vibrant downtown Orlando market. The building's flexible layout and modern amenities make it an attractive option for a diverse range of tenants. This is a rare opportunity to acquire a well-maintained, income-producing asset with substantial growth potential.

Location Insight

City

Orlando

County

Orange

State

Florida

Longitude

-81.3771

Latitude

28.5444

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments