1051 W SAND #ONE
ORLANDO, FL 32809
Sq. Ft.: 25,298
25,000 SF COMMERCIAL BUILDING located on 3+ ACRES of LAND next to FLORIDA MALL, a Prime Location, is available for investors and developers to acquire.Currently, the building is leased to an entertainment center. The lease term is ended on Dec 2023 with 5-year option. If the new buyer wants to terminate the lease, the Seller will help to work out the agreement.ABLE TO BUILD AN ADDITIONAL BUILDING of 7,000 - 10,000 sf on the side. Since the Restaurant Rental Rate in this area is very high (vs. all other industries' rate), it's better to rent out the new building for restaurant tenant. This potential income would bring a big increase in the CAP rate for the new owner.A MUST SEE PROPERTY. BRING YOUR OFFER.For showing: Appointment only. DO NOT DISTURB TENANT.-Located next to Florida Mall, the largest shopping center welcoming more than 20 million visitors each year and creating thousands of new jobs for the area. Some of them are $460 million Skyplex Complex, $400 million iSquare Mall & Hotel, Topgolf Orlando, Andretti Indoor Karting $ Games, etc.- Within 5-mile radius of Multi-Million Businesses and Approved Projects.-Excellent Corner Exposure with 42,000+ cars per day
MLS Area: Orlando/Pinecastle/Oakridge/ Edgewood
Location: Activity Core/Center, Central Business Distric, Neighborhood, On Bus Line, Shopping Center, Strip Center
Heat/Cool: Central Building
Is New Construction: No
Utilities: City Water, Electric
Lot Description: Two + to Five Acres
Lot Number: 3
Lot Size in Acres: 3.03
Lot Size in Sq. Ft.: 132, 156
Road Description: State Road
Water Frontage: 0
Has Waterfront: No
Property Type: COM
Year Built: 1998
$ per month
Year Fixed. % Interest Rate.
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
PARTNERSHIP REALTY INC
PARTNERSHIP REALTY INC
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MFRMLS - My Florida data last updated at March 18, 2018 8:47 PM ET