926 Mills Ave Orlando, FL 32803
- Retail properties
- 4,800 SF
- 0.14 lot acres
Current Use by Public Records
- Smoker's Safari / Smoke Shop / Tobacco Shop
- Smokey smoke shop / Tobacco Shop
- bigtimedeals / Adult Entertainment Store
Property Details for 926 Mills Ave
- Year built
- 1951
- Lot size
- 0.14 lot acres
- Property size
- 4,800 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Orlando retail property, located at 926 N Mills Ave, offers a compelling investment opportunity. The 4,800 square foot, single-story building sits on a 0.14-acre lot and features three units, currently boasting 100% occupancy and generating a strong net operating income (NOI) of $192,598, resulting in a 6.02% cap rate. The asking price is $3,200,000. Built in 1951, this NNN-leased property is zoned MU-1/T and benefits from dedicated rear parking and ample street parking. Tenants include a high-performing cocktail bar and other established businesses. The property's location on the popular Mills 50 corridor in Orlando, FL (zip code 32803), ensures high foot traffic and strong demand. One unit's lease expires in six months, presenting an owner-operator opportunity or potential for lease renewal. The property's small unit sizes simplify future leasing management. The surrounding area demonstrates robust demographics, with over 14,000 residents and average household incomes exceeding $110,000 within a one-mile radius. SBA financing options are available. This asset represents a rare chance to acquire a thriving retail center in a highly desirable Orlando location. The property's APN is 24-22-29-4468-09-230.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.3645
- Latitude
- 28.5576
