Property profile

450 Orlando Ave Winter Park, FL 32789

OFF-MARKET
Turn key restaurants
Property ID
US18-1110404
10,356 SF 1.18 ac lot Built 1963
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional one-acre commercial land parcel presents a unique build-to-suit opportunity. Situated on the northwest corner of the newly constructed 400 North Luxury Apartment Complex, this property boasts unparalleled visibility and accessibility. Its strategic location in the heart of Maitland places it adjacent to a premier Publix supermarket and provides direct frontage on heavily trafficked US 17-92, a major thoroughfare with an impressive 32,000 average annual daily traffic (AADT). The site benefits from a highly affluent demographic and a robust surrounding retail and residential environment. With 300 luxury apartments already on-site and over 2,100 more within comfortable walking distance, this location offers immediate access to a substantial and desirable customer base. This build-to-suit land presents an exceptional chance to develop a commercial property in a thriving and high-demand area, capitalizing on the existing strong infrastructure and affluent community. The single-tenant nature of the land allows for customized development to perfectly meet specific business needs. This is a rare opportunity to establish a presence in one of Maitland's most sought-after commercial locations.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Total area 10,356 SF
Lot 1.18 ac (51,238 SF)
Zoning code C-3
APN 01-22-29-4512-05-010
UPID US18-1110404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

450 Orlando Ave Winter Park, FL 32789-3662
Winter Park metro Census 15901 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

C-3 · Winter Park, FL
Zoning description

Sec. 58-76. - Commercial (C-3) district. (a) Purpose and intent. (1) Certain areas of the city along arterial and collector roadways have developed and are being redeveloped as highway-oriented commercial areas. The purp…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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