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Property profile & analytics
OFF-MARKET
Turn key restaurants

16884 Colonial Dr Orlando, FL 32820-1909

2,787 SF 1.11 ac lot Built 2006
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US19-0486131
Property summary
AI-generated overview

This exceptional 1.1-acre commercial lot in Orlando, Florida, presents a unique investment opportunity. The property features a 2,260 square foot building, previously occupied by a Burger King, complete with a drive-thru. Located at 16884 E Colonial Drive, this site benefits from high visibility and convenient access, situated at the southwest quadrant of E Colonial Blvd and Chuluota Rd. The property enjoys excellent cross-access with established businesses including Walgreens, Taco Bell, and Fifth Third Bank. Its strategic location directly across from a Publix Supermarket and Corner Lakes Plaza ensures high foot traffic and strong consumer presence. This bustling area is experiencing significant retail and residential growth, making it an ideal location for a variety of commercial ventures. Pending plans and approvals are in place for a 3,345 square foot express car wash, incorporating a 100-foot tunnel, 18 vacuum stalls, and 3 pay stations. The asking price is $2,800,000, translating to $1,238.94 per square foot. The property is zoned for commercial use. This is a rare chance to acquire a well-positioned property with significant development potential in a thriving Orlando market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Total area 2,787 SF
Lot 1.11 ac (48,463 SF)
Zoning code C-1
APN 20-22-32-4910-00-021
UPID US19-0486131
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Fam Holdings Northeast L Jain · 19 yrs held
Fam Holdings Northeast L Jain
since 2007
1 recorded transaction
2007
$1.9M
Zoning & alternative use
C-1 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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