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Property profile

703 Colonial Dr Orlando, FL 32803

OFF-MARKET
Mixed-use properties
Property ID
US18-3555031
3,464 SF Built 1910
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mixed-use properties
Year built 1910
Total area 3,464 SF
UPID US18-3555031

Cap rate & NOI

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

Location

703 Colonial Dr Orlando, FL 32803
Orlando metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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