16884 Colonial Dr Orlando, FL 32820-1909
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Orlando, FLOrlando. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.