5303 Colonial Dr Orlando, FL 32807-1859
- Retail space
- 10,320 SF
- 0.49 lot acres
Oct 25, 2022
Current Use by Public Records
- Quinceañera Orlando / Photographer
- Massage Spa Orlando FL | My Soothing Touch Spa-Asian Massage / Massage Spa / Massage Therapist
- Las Tres Banderas #7 / Money Transfer Service
- ZERA OUTLET / Clothing Store
- Print all / Screen Printer / Embroidery Shop
Property Details for 5303 Colonial Dr
- Year built
- 1983
- Lot size
- 0.49 lot acres
- Property size
- 10,320 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 21-22-30-4736-04-072
- APU
- 212230473604072
Description
This exceptional retail space, located in the vibrant East Orlando submarket, offers 1,000 to 1,400 square feet of versatile commercial space within a larger 9,360 square foot building. Situated on a 0.49-acre lot, the property boasts a prime location with over 75,000 vehicles passing daily, ensuring high visibility and foot traffic. Built in 1983 and extensively renovated in 2022, the single-story building features a fresh paint job and updated landscaping. The suite itself is a basic rectangular space, currently configured as a salon, complete with one restroom. However, the open floor plan allows for flexible adaptation to various business needs, including but not limited to: event halls, barbershops/salons, training centers, coffee shops, insurance offices, law offices, cell phone stores, or labor recruiting agencies. The zoning (1105 - Retail M/t I) has already accommodated salon use, eliminating the need for additional permitting and impact fees. The building provides 25 parking spaces for customers and employees. Note that the space is not suitable for uses requiring extensive green space or large parking areas, such as churches or daycares. The property's strong tenant mix includes a massage therapist, dry cleaners, screen printing shop, clothing stores, and salon suites, creating a thriving commercial environment. This is an excellent opportunity for a business seeking a well-maintained, conveniently located space in a high-traffic area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,355,000
- ML approach
- $1,455,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,992,000
Market price range: $1.42M - $4.22M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,245,000
- WAREHOUSE, STORAGE
- $2,150,000
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Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.3183
- Latitude
- 28.5546
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA