Orlando FL: 123K SF Retail Center For Sale!

5019 Edgewater Dr, Orlando, FL 32810

This offering includes two properties with a combined 124K SF retail space on 16-acres MOL. Zoning is C-3/Wholesale Commercial, allowing a multitude of future commercial and multifamily developments. Offering includes: 16-acres MOL (Two Properties) 124,000 SF Retail Building (118,000 SF Strip Center plus 5000 SF Building in rear) (2-acres in rear of Retail Center is dedicated to new Outdoor Storage business) Zoning: C-3 (Opportunity Zone) Land Use: Office/Retail/Storage/Warehouse Parking Spaces: 450 +/- Traffic Count: 37,000 AADT Currently the retail center is 100% Occupied with a long-term steady tenant base. There are only three longer term tenants, with lease extending into 2030s through extensions. Current revenue is: $1,573,485 Gross Revenue NNN (Except for USPS -$60,000) $1,513,485 NOI Future Development: 1. Future expansion/development: Zoning permits a multitude of multifamily, commercial, medical options. Opportunity Zone: These properties are located within an Opportunity Zone providing a tax incentive for Investors and Developers. Visit www.eig.org. It is advised to consult with a CPA, Attorney, or other professional who can provide advice on Opportunity Zones.

Contact

Broker or Owner Contact
Benny Spensieri
CRES Corp International
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 11e5533d-fa26-4658-a7ee-5c45394fe395
Building Size 124000
Site Size (acres)
Zoning C-3
Year Built 1961
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated 2021
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.6066707
Longitude -81.4081848
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider