Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District – an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue. This restaurant boasts a generous Gross Leasable Area (GLA) of 8, 163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance. The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212, 800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management. One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35, 000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area. The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike. Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.
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Listing Snapshot
Price
$3,800,000
Days Online
36 Days
Bedrooms
N/A
Inside Area (SqFt)
8,163 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.35 Acres
Year Built
1926
MLS® Number
O6112691
Status
Active
Property Tax
$27,550
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
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Recent Activity
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen online
General Features
Construction
Stucco
Number of Stories
1
Acreage
0.35
Foundation
Slab
Zoning
AC-1/T
Ownership
Corporation
Parcel Number
24-22-29-6492-06-180
Interior Features
Cooling
Central Air
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Exterior Features
Waterfront Property
No
Road Frontage
Highway
Community Features
Township
22
MLS Area
32803 - Orlando/Colonial Town
Listing courtesy of BLUE CHIP INTERNATIONAL REALTY LLC 407-988-6543
Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-05-16 05:35 PM EDT
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