827 W Lancaster Rd Orlando, FL 32809

Property Details for 827 W Lancaster Rd

Year built

1967

Lot size

0.78 lot acres

Property size

3,264 SF

Zone code

C-3

Property type

Grocery and convenience stores

APN

23-23-29-0000-00-151

APU

232329000000151

Description

This exceptional 5,984 square foot multi-tenant retail property, located at 827 W Lancaster Rd, Orlando, FL 32809, presents a compelling investment opportunity. Situated on a 0.81-acre lot in a high-traffic area near the international airport, this property benefits from approximately 7,000 cars passing daily. The property includes a convenience store, gas station with four pumps and double fiberglass tanks, a nail salon/barber shop, and a breakfast bar/nightclub. Currently operating at 100% occupancy with three active leases, the property boasts a strong Net Operating Income (NOI) of $129,230 and a 4.04% cap rate. The asking price is $3,200,000 ($534.76/sq ft). Built in 1976 and renovated in 1999, the property is zoned C3. Lease terms are currently in place until December 30, 2024, with lease renewal options available. This prime location benefits from its proximity to both industrial and residential areas, ensuring a consistent customer base. The property's diverse tenant mix and high visibility make it an ideal investment for those seeking a stable, high-return asset with significant upside potential. The property offers the potential to renew existing leases, negotiate higher rents, or even launch a new venture. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a prime Orlando location.

Location Insight

City

Orlando

County

Orange

State

Florida

Longitude

-81.3905

Latitude

28.4657

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments