5019 Edgewater Dr Orlando, FL 32810
- Strip malls
- 140,070 SF
- 12.47 lot acres
Current Use by Public Records
- Truth Movement Church / Church
Property Details for 5019 Edgewater Dr
- Year built
- 1961
- Lot size
- 12.47 lot acres
- Property size
- 140,070 SF
- Zone code
- C-3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 03-22-29-5844-00-450
- APU
- 32229584400450
Description
This exceptional investment opportunity presents a 124,000-square-foot retail center in Orlando, Florida. The property boasts two buildings totaling 124,000 square feet, situated on a 16-acre lot. Currently 91% occupied by 20 tenants, the center generates a substantial net operating income (NOI) of $1,500,745. Built in 1961 and renovated in 2021, the Class B property features 450 parking spaces and is zoned C-3, allowing for diverse future development possibilities. The property includes a mix of tenant types, including a grocery store, shopping center, and storefronts. Three major tenants have leases extending into the 2030s. The property's location in an Opportunity Zone offers significant tax advantages for investors. The gross revenue is $1,573,485, with the NOI (excluding a $60,000 USPS expense) at $1,513,485. The property's address is 5019 Edgewater Dr, Orlando, FL 32810. The expansive lot size and flexible zoning present significant potential for future expansion or redevelopment into multifamily, commercial, or medical uses. This fee-simple ownership opportunity is ideal for owner-users seeking a strong cash flow and long-term growth potential.
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
- -81.4082
- Latitude
- 28.6067
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
