11101 Colonial Dr, Ocoee, FL 34761-2977
- Office buildings
- 5,226 SF
- 0.76 lot acres
Current Use by Public Records
- Frederick Barnum / Pediatrician / Physician
- River of Life Osteopathic / Alternative Medicine Practice / Physician
- Dr. Robyn Young / Physician
- Elena Timoshkin, DO / Alternative Medicine Practice / Physician
- Richard Margaitis, DO / Pediatrician / Physician
Property Details for 11101 Colonial Dr
- Year built
- 1987
- Lot size
- 0.76 lot acres
- Zone code
- C-3
- Property type
- Office buildings
- APN
- 19-22-28-9652-00-030
- APU
- 192228965200030
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 29, 2019 | $1,225,000 | Still Point Real Estate LLC | Seacoast National Bank | Special Warranty Deed | $1M · Seacoast National Bank |
| Jun 8, 2016 | $772,754 | Seacoast Natl Bk | Bmo Harris Bk NA | Grant Deed | — |
| Jun 12, 2007 | — | M & I Marshall & Ilsley Bank | United Heritage Bank | Warranty Deed | — |
| May 5, 2006 | $2,142,000 | United Heritage Bank | Bank Of America NA | Grant Deed · related | — |
Description
This exceptional retail opportunity presents 3,600 square feet of vacant space within the 126,374 square foot Towne Square shopping center, located at 11101 West Colonial Drive in Ocoee, Florida, 34761. Situated on a one-acre lot, this property boasts a prime location with high visibility and accessibility. The building is zoned C-3, allowing for a variety of retail uses. The available space is part of a multi-tenant retail center, offering the benefit of shared customer traffic and established infrastructure. The property's location in Orange County, Florida, provides access to a thriving consumer base. This ground lease opportunity presents a unique chance to establish or expand a retail business in a high-demand area. The existing infrastructure and established customer base within Towne Square offer a significant advantage for prospective tenants. The 3,600 square feet of vacant space provides ample room for a variety of retail concepts. The property's one-acre lot size offers potential for future expansion or outdoor amenities. This is an ideal location for businesses seeking high visibility and convenient access for customers. The C-3 zoning provides flexibility for a range of retail uses, making this a versatile and attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,390,000
- 6.5%
- $1,280,000
- 7%
- $1,190,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $998,000
Market price range: $294k - $1.31M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,665,000 Current use
- COMMERCIAL (GENERAL)
- $1,795,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,755,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $1,390,000 Change: -16% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ocoee
- County
- Orange
- State
- Florida
- Longitude
- -81.5439
- Latitude
- 28.5521
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
