We are pleased to offer this Investment site for Sale!!!
Prime location with excellent frontage, Investment site located off West Colonial Drive, Orlando, FL. This site is tenant-occupied, on a NNN lease, and the building is approx 2,786 SF, and sitting on nearly 1/2 an acre!
New 5 Year NNN lease at $10,000.00 per month with 3percnt increase per year.
This property has been recently renovated with brand new HVAC, Roof, Hurricane-Proof Impact Windows, Insulation, Plumbing, Asphalt and Concrete, and interior design (new floors, acoustic tile ceiling, bathrooms, doors, storage area) and Modern Awnings in the beginning of 2023. Electric system was upgraded to a 3-phase, 2 wall mounted EV chargers, and a car port.
This parcel offers excellent signage, 135ft of frontage and amazing exposure from W Colonial Dr for more than 40,000 cars per day. The 2,000 sqft renovated office/retail building sits on an almost half acre lot, allowing for plenty of parking space, possible additions, or product display.
5047 W COLONIAL DRIVE, Orlando, FL, 32808
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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