828 Mills Ave Orlando, FL 32803
This exceptional Orlando property, located at 828 N Mills Ave, offers nearly 4,000 square feet of flexible retail and office space. Built in 1922 and 1928, this mixed-use building sits on a 0.29-acre lot (APN: 24-22-29-6492-04-080, 24-22-29-6492-04-090) and is zoned MU-1/T, O-1/T. Currently configured as a 1,658 square foot space with a 680 square foot storage building, it boasts a city-approved liquor license exemption for 1,800 square feet, allowing for a Special Food Service Liquor License without a full license. Further, a Consumptive Use Permit allows liquor sales without food service. The property includes approved plans for immediate construction, featuring a potential drive-through from Mills Ave to Thornton Ave and ample parking (up to 10 on-site spaces plus street parking). The strong Mills 50 market, with NNN rates exceeding $40 per square foot (some over $60), presents significant long-term value for investors. Low vacancy rates and potential SBA loan eligibility (10% down) make this a rare and attractive investment opportunity. Asking price is $1,999,999.
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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