16038 Old Cheney Hwy Orlando, FL 32833
This 2.46-acre Orlando property offers a unique investment opportunity. The centerpiece is a roughly 3,000 square foot garage/warehouse, approximately 10 years old, featuring overhead doors, two hydraulic car lifts, an upstairs loft, air-conditioned office space, and additional storage. A two-bedroom, two-bathroom mobile home is also present, though it requires repairs. An additional outbuilding provides further storage potential, and a pump house is also on-site. The land, previously two separate lots, is high and dry and potentially re-divisible according to Orange County records, offering flexibility for future development. Three wells and two septic systems are in place, along with two driveways. The property enjoys a convenient location near Highways 408 and 50, providing easy access to downtown Orlando, beaches, the University of Central Florida (UCF), shopping, and restaurants. This versatile property is zoned A-2 and presents numerous possibilities for various uses, including automotive repair, equestrian activities, or storage for tradespeople. The asking price is $399,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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