703 Colonial Dr Orlando, FL 32803
This exceptional mixed-use property, located at 703 E Colonial Drive in Orlando, Florida, presents a compelling investment opportunity. The 3,464 square foot property sits on a 4,325 square foot lot and includes two buildings: a duplex and a single-family home, built in 1910. The property is zoned R-2B/T, allowing for commercial retail and multi-family development, offering significant redevelopment potential. The asking price is $2,300,000, translating to $663.97 per square foot. The property's prime corner location in downtown Orlando offers excellent visibility and accessibility. The existing structures provide immediate income potential, while the zoning allows for a variety of future development options. This presents a unique chance to capitalize on the thriving Orlando market. The opportunity to acquire two adjacent lots behind the property is also available, further enhancing the development potential and overall value. Detailed information regarding the adjacent lots and their pricing is available upon request. This property is offered as a sole proprietorship. The Orange County APN is 24-22-29-1524-00-130. This is a rare chance to own a piece of Orlando's vibrant downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.