Orange Avenue Plaza
1829 N Orange Ave,
Orlando,
FL 32804
Description Marcus and Millichap is pleased to present the exclusive opportunity to acquire 1829 Orange Avenue, a 16,539 square foot, 7-unit neighborhood shopping center. Situated in the heart of Ivanhoe Village, merely 2 miles from Orlando's bustling Downtown Business district and a short 3-mile distance from Downtown Winter Park, this property embodies prime investment potential in an irreplaceable location. The area has experienced robust growth, evidenced by a 3.9% annual population increase from 2010 to 2023 and over 275,000 residents residing within a 5-mile radius, indicative of strong demand for both commercial and residential spaces. Furthermore, the average household income exceeds $111,000 per year within a 1-mile radius. This property represents an exceptional investment opportunity poised for enduring growth and stability. Highlights Prime Location: Nestled in the heart of Ivanhoe Village, just 2 miles from Downtown Orlando and 3 miles from Downtown Winter Park. Brand New Roof: Recently installed in 2021 with a 20-year Transferable NDL Roof Warranty/Guarantee that expires in April of 2041. Tenant Reimbursements: Tenants cover CAM, insurance, tax, admin/management, and replacement costs. Rent Increases: All leases feature annual rent increases between 2.5-5.0%, providing a hedge against inflation and ensuring growing returns over time. Population Growth: Benefit from a robust 3.9% annual population growth (2010-2023), with over 275,000 people within a 5-mile radius, ensuring a steady demand for commercial and residential properties. High Household Income: Enjoy an average household income of over $111,000 per year within a 1-mile radius, well above the national average. Irreplaceable Real Estate: With high barriers to entry, 1829 N Orange Avenue offers an irreplaceable asset for land banking and consistent cash flow, securing long-term value. Strategic Location: Positioned in a highly desirable area attracting both tenants and Customers seeking convenience and opportunity.
Contact
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Broker or Owner Contact
Tarek
Chbeir
,
Phone: (407) 557-3834
tarek.chbeir@marcusmillichap.com
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
| Property ID |
822 |
| Building Size |
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| Site Size (acres) |
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| Zoning |
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| Year Built |
1951 |
| Number of Drive-In Doors |
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| Number of Dock-In Doors |
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| Clearance Height |
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| Drive-in Doors |
no |
| Sprinklered |
no |
| Parking Ratio |
0 |
| Updated |
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| Number of Parking Spaces |
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| Parking |
no |
| HVAC |
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Pricing
| For Sale |
yes |
| Sale Price |
6300000 |
| For Lease |
no |
| Lease Type |
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| Lease Cost |
0 |
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Geographic and Infrastructure
| Latitude |
28.5686763 |
| Longitude |
-81.3724862 |
| County |
Orange County |
| Rail Access |
no |
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Utilities
| Service to Property |
no |
| Electric Provider |
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| Gas On Site |
no |
| Gas Provider |
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| Water On Site |
no |
| Water Provider |
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| Fiber Optics |
no |
| Telecom on Site |
no |
| Sewer On Site |
no |
| Sewer provider |
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Unused Data Points
| status |
Active |
| businesspark |
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| buildingtypes |
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| contiguous |
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| divisiblefrom |
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| saleprice |
6300000 |
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| loadbearing |
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| multitenant |
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| shovelready |
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| networked |
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| phase1 |
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| thumbnail |
https://storage.googleapis.com/simplifi-dev/images/23f419f7/orange-avenue-plaza-e4fd799e-thumb.jpg |
| image1 |
https://storage.googleapis.com/simplifi-dev/images/23f419f7/orange-avenue-plaza-e4fd799e.jpg |
| image2 |
https://storage.googleapis.com/simplifi-dev/images/23f419f7/orange-avenue-plaza-0a40219e.jpg |
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| airconditioned |
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| heated |
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| expandableYesNo |
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| floorThickness |
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| refrigeratedSF |
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| docksLevel |
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| isContiguous |
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| overrideimport |
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| createdBy |
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| description_lower_first |
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