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705 E Michigan St 758 pi² 100% Loué Bureau Immeuble Orlando, FL 32806 798 898 $ CAD (1 053,96 $ CAD/pi²) 8% Taux de capitalisation
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Faits saillants de l'investissement
- Fully renovated in 2023 with major capital improvements completed.
- Fully leased with four established tenants generating immediate cash flow.
- Convenient access to I-4 and SR-408 for regional connectivity.
- Direct frontage and prominent signage on Michigan Avenue, a major Orlando thoroughfare.
- Positioned within the vibrant SODO District near retail, dining, and healthcare facilities.
- Close proximity to Downtown Orlando and Orlando Health medical campus.
Résumé de l'annonce
This fully stabilized income-producing property offers a rare opportunity along one of Orlando’s highest-traffic corridors, Michigan Avenue, which averages over 24,000 vehicles daily. The building has undergone a complete transformation from residential to commercial use, with a comprehensive gut renovation completed in 2023. Upgrades include a new roof, windows, flooring, lighting, kitchen, appliances, granite countertops, tankless water heater, and vanities, ensuring modern functionality and minimizing near-term capital expenses.
The property currently supports four tenants specializing in women’s wellness and beauty services, providing natural synergies and steady referral traffic. This arrangement generates approximately $4,700 per month in gross income, resulting in a cap rate near 8% after expenses. Located in the heart of the SODO District, the site benefits from immediate access to major arterials including I-4 and SR-408, enhancing connectivity to Downtown Orlando, the region’s employment hub, and a dense residential base. Buyers seeking a turnkey investment with strong cash flow and long-term positioning in a growth corridor will find exceptional value in this asset.
The property currently supports four tenants specializing in women’s wellness and beauty services, providing natural synergies and steady referral traffic. This arrangement generates approximately $4,700 per month in gross income, resulting in a cap rate near 8% after expenses. Located in the heart of the SODO District, the site benefits from immediate access to major arterials including I-4 and SR-408, enhancing connectivity to Downtown Orlando, the region’s employment hub, and a dense residential base. Buyers seeking a turnkey investment with strong cash flow and long-term positioning in a growth corridor will find exceptional value in this asset.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Sous-type de propriété
Bureau résidentiel
Taille du bâtiment
758 pi²
Classe d’immeuble
C
Année de construction/rénovation
1940/2023
Prix
798 898 $ CAD
Prix par pi²
1 053,96 $ CAD
Taux de capitalisation
8%
Revenu net d’exploitation
63 912 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Superficie de plancher typique
758 pi²
Coefficient d’occupation des sols de l’immeuble
0,16
Taille du lot
0,11 AC
Zonage
C-1 - Commercial District, permits neighborhood-scale commercial uses such as offices, retail, and personal services.
Moyennement accessible à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 01-2329-0000-00-031 | Évaluation des bâtiments | 137 662 $ CAD |
| Évaluation du terrain | 121 422 $ CAD | Évaluation totale | 259 083 $ CAD |
Impôts fonciers
Numéro de lot
01-2329-0000-00-031
Évaluation du terrain
121 422 $ CAD
Évaluation des bâtiments
137 662 $ CAD
Évaluation totale
259 083 $ CAD
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Vue depuis la rue
Rue
Carte
Présenté par
Merdian Realty
705 E Michigan St
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