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101 S Eola Dr - 101 Eola Drive - 5 Unit Retail Condo NNN 7.5% 2,531 - 5,252 SF Condo Units Offered at $2,004,551 - $4,331,219 CAD Per Unit in Orlando, FL 32801
INVESTMENT HIGHLIGHTS
- 7.5% Cap Rate
- Long Terms Tenants / Stable
- $120k+ Parking Additional Income
- Entire Retail Ground Floor Units in 101 Eola Tower
EXECUTIVE SUMMARY
Downtown Orlando / Thornton Park - Entire Ground Floor 5 Unit Commercial / Retail Condo Portfolio.
PROPERTY FACTS
| Total Building Size | 13,445 SF | Floors | 2 |
| Property Type | Multifamily | Typical Floor Size | 6,723 SF |
| Property Subtype | Year Built | 2008 | |
| Building Class | A | Lot Size | 0.96 AC |
| Zoning | PD/T - Planned Development | ||
| Total Building Size | 13,445 SF |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | A |
| Floors | 2 |
| Typical Floor Size | 6,723 SF |
| Year Built | 2008 |
| Lot Size | 0.96 AC |
| Zoning | PD/T - Planned Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Sprinkler System
- Carpet
- Wi-Fi
- Floor to Ceiling Windows
SITE AMENITIES
- 24 Hour Access
- Business Center
- Concierge
- Fitness Center
- Pool
- Security System
- Grill
- Elevator
- Lounge
4 UNITS AVAILABLE
Unit 101&102
| Unit Size | 5,252 SF | Cap Rate | 7.50% |
| Price | $4,331,219 CAD | NOI | $324,844.19 CAD |
| Price Per SF | $824.68 CAD | No. Parking Spaces | 50 |
| Condo Use | Retail | Sale Conditions | Sale Leaseback, Lease Option |
| Sale Type | Investment or Owner User | APN/Parcel ID | 25-22-29-0029-00-001, 25-22-29-0029-00-002 |
| Unit Size | 5,252 SF |
| Price | $4,331,219 CAD |
| Price Per SF | $824.68 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.50% |
| NOI | $324,844.19 CAD |
| No. Parking Spaces | 50 |
| Sale Conditions | Sale Leaseback, Lease Option |
| APN/Parcel ID | 25-22-29-0029-00-001, 25-22-29-0029-00-002 |
DESCRIPTION
End cap restaurant located on the northwest end of the building on the southeast corner of S Eola Drive and Pine Street in Thornton Park.
Suite C101 & 102 consists of 5,252 square feet and occupied by Rusteak Thornton Park and affiliate Broken Cage.
Property Highlights:
Prominent storefront along S Eola Drive with floor-to-ceiling glass frontage
5,252 SF fully built out as a boutique restaurant, Rusteak Thornton Park and affiliate Broken Cage.
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access, outside elevated seating.
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
SALE NOTES
Original End Cap restaurant space. Offered as a Sale/ Leaseback or to an Owner / User. Restaurant FF&E and liquor license could be sold along with the real estate.
End cap restaurant located on the northwest end of the building on the southeast corner of S Eola Drive and Pine Street in Thornton Park.
Suite C101 & 102 consists of 5,252 square feet and occupied by Rusteak Thornton Park and affiliate Broken Cage.
Property Highlights:
Prominent storefront along S Eola Drive with floor-to-ceiling glass frontage
5,252 SF fully built out as a boutique restaurant, Rusteak Thornton Park and affiliate Broken Cage.
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access, outside elevated seating.
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
Real estate owner is also the restaurant owner / operator. Could structure terms that would be attractive given the right buyer / investor. Restaurant is performing well, can provide financials.
Being offered separately or together in a portfolio of five units representing the entire retail ground floor 101 Eola Condo Tower. The portfolio also includes the entire second floor parking spaces of the tower which brings in $120k+ annually.
Purchase money or seller financing could be available.
BuildingPhoto (13)
BuildingPhoto (14)
Rusteak Interior
Rusteak Interior
Broken Cage Interior
Unit 103
| Unit Size | 2,967 SF | Cap Rate | 7.50% |
| Price | $2,386,238 CAD | NOI | $178,960.29 CAD |
| Price Per SF | $804.26 CAD | No. Parking Spaces | 15 |
| Condo Use | Office/Retail | Sale Conditions | Sale Leaseback |
| Sale Type | Investment | APN/Parcel ID | 25-22-29-0029-00-003 |
| Unit Size | 2,967 SF |
| Price | $2,386,238 CAD |
| Price Per SF | $804.26 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $178,960.29 CAD |
| No. Parking Spaces | 15 |
| Sale Conditions | Sale Leaseback |
| APN/Parcel ID | 25-22-29-0029-00-003 |
DESCRIPTION
In-line retail condo that is currently built out with office type finishes. The space has been used previously as an office and event space.
Property Highlights:
Prominent storefront along S Eola Drive with floor-to-ceiling glass frontage
Flexible 2,967 SF layout suitable for retail, professional office, wellness, or boutique restaurant use
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
SALE NOTES
In-line retail condo that is currently built out with office type finishes. The space has been used previously as an office and event space.
Property Highlights:
Prominent storefront along S Eola Drive with floor-to-ceiling glass frontage
Flexible 2,967 SF layout suitable for retail, professional office, wellness, or boutique restaurant use
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
The owner is looking to sell the unit either to a owner / user or as an investment structuring a lease back with one of his businesses.
Being offered separately or together in a portfolio of five units representing the entire retail ground floor 101 Eola Condo Tower. The portfolio also includes the entire second floor parking spaces of the tower which brings in $120k+ annually.
Purchase money or seller financing could be available.
+3 More
Interior
Interior
Interior
Interior
Interior
Interior
One of Two Restrooms
One of Two Restrooms
Unit 104
| Unit Size | 2,695 SF | Cap Rate | 7.50% |
| Price | $2,004,551 CAD | NOI | $150,343.36 CAD |
| Price Per SF | $743.80 CAD | No. Parking Spaces | 14 |
| Condo Use | Retail | APN/Parcel ID | 25-22-29-0029-00-003 |
| Sale Type | Investment |
| Unit Size | 2,695 SF |
| Price | $2,004,551 CAD |
| Price Per SF | $743.80 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $150,343.36 CAD |
| No. Parking Spaces | 14 |
| APN/Parcel ID | 25-22-29-0029-00-003 |
DESCRIPTION
Corner retail unit, currently leased by Allora, a wellness day spa, that has multiple location, this being their downtown location.
https://alloradayspa.com
This unit is being offered along with 4 other units which represent the entire retail ground floor 101 Eola Condo Tower.
2,695 SF fully built out for a wellness day spa, Allora.
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
SALE NOTES
Corner retail unit, currently leased by Allora, a wellness day spa, that has multiple location, this being their downtown location.
https://alloradayspa.com
This unit is being offered along with 4 other units which represent the entire retail ground floor 101 Eola Condo Tower.
2,695 SF fully built out for a wellness day spa, Allora.
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
Being offered separately or together in a portfolio of five units representing the entire retail ground floor 101 Eola Condo Tower. The portfolio also includes the entire second floor parking spaces of the tower which brings in $120k+ annually.
Purchase money or seller financing could be available.
Store Front Retail
Store Front Retail
Store Front Retail
Store Front Retail
Unit 105
| Unit Size | 2,531 SF | Cap Rate | 7.50% |
| Price | $2,178,985 CAD | NOI | $163,419.75 CAD |
| Price Per SF | $860.92 CAD | No. Parking Spaces | 8 |
| Condo Use | Retail | APN/Parcel ID | 25-22-29-0029-00-004 |
| Sale Type | Investment |
| Unit Size | 2,531 SF |
| Price | $2,178,985 CAD |
| Price Per SF | $860.92 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $163,419.75 CAD |
| No. Parking Spaces | 8 |
| APN/Parcel ID | 25-22-29-0029-00-004 |
DESCRIPTION
C105 is currently leased by Alien Treats Ice Cream/Dessert. Lease started 8/2024 under a 5 year term with two 4 year extensions 4% annual increases.
Flexible 2,531 SF layout suitable for retail, professional office, wellness, or boutique restaurant use
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
SALE NOTES
C105 is currently leased by Alien Treats Ice Cream/Dessert. Lease started 8/2024 under a 5 year term with two 4 year extensions 4% annual increases.
Flexible 2,531 SF layout suitable for retail, professional office, wellness, or boutique restaurant use
High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density
Modern construction with high ceilings, upgraded finishes, and direct street access
Onsite parking available 2nd floor garage, deeded parking spaces!!
Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios
Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses
Being offered separately or together in a portfolio of five units representing the entire retail ground floor 101 Eola Condo Tower. The portfolio also includes the entire second floor parking spaces of the tower which brings in $120k+ annually.
Purchase money or seller financing could be available.
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Mucho's Liquor |
-
|
Jan 0000
|
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101 S Eola Dr - 101 Eola Drive - 5 Unit Retail Condo NNN 7.5%
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