1051 W Sand Lake Road

    Orlando, FL 32809
    • $5,000,000
    • STATUS: Active
    • ON SITE: 324 days
    • ID#: RX-10379354
    UPDATED: 36 min ago
    $5,000,000
    • 0
      BEDS
    • 3.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,298
      SQFT
    • $198
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    Description

    25,000 SF Commercial Building located on 3+-acre lot next to FLORIDA MALL, a Prime Location, is available for sale.The current lease is ended on 12/2023 + 5-year option. The new rental price will based on the market of the time of renewal. The City allows to build an Additional Building up to 10,000 sf on the same lot. The new owner can collect the rent from a current tenant and build the 2nd building to have an Additional Income. This is a unique feature that not many other lot have. A MUST SEE PROPERTY. BRING YOUR OFFER.DO NOT DISTURB TENANT.Current Income: $300KCurrent CAP: 6%Potential Income: $500K - $650KPotential CAP rate: 9% - 13%-Located next to FL Mall, the largest shopping center welcoming more than 20M visitor per year

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    © 2018 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-09-25T12:04:41.253.
    www.westpalmhomesearch.com/homes/78512159

    1051 W Sand Lake Road Orlando, FL 32809

    • Price: $5,000,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: RX-10379354
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.03
    Acres
    25,298
    SQFT
    $198
    $/SQFT
    1998
    Built
    Neighborhood:
    None
    County:
    Orange
    Area:
    Orlando
    Property Description
    25,000 SF Commercial Building located on 3+-acre lot next to FLORIDA MALL, a Prime Location, is available for sale.The current lease is ended on 12/2023 + 5-year option. The new rental price will based on the market of the time of renewal. The City allows to build an Additional Building up to 10,000 sf on the same lot. The new owner can collect the rent from a current tenant and build the 2nd building to have an Additional Income. This is a unique feature that not many other lot have. A MUST SEE PROPERTY. BRING YOUR OFFER.DO NOT DISTURB TENANT.Current Income: $300KCurrent CAP: 6%Potential Income: $500K - $650KPotential CAP rate: 9% - 13%-Located next to FL Mall, the largest shopping center welcoming more than 20M visitor per year
    Exterior Features

    Roof Other Waterfront YN No

    Interior Features

    Bath Toilets 1.00 Cooling CentralElectric Flooring Tile Heating CentralElectric Percent Air Conditioned 100.00

    Property Features

    Available Docs Survey Available Info Copies Of LeaseEnvironmental Study Built Desc Resale Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Airport AccessCentral Business DstCityInvestmentShopping Center Possession At Closing Sale Includes Building And Land Special Info Corporate Owned Tax Amount Real Estate Taxes 45847.80 Tax Year 2016 Tenant Pays CableElectricInsuranceRepairs Terms Considered CashConventional Type Of Building Anchor CenterCommercialFree StandingIncomeOffice/RetailRestaurantRetailShopping Center Unit1 Ann Rent 300000.00 Use IncomeRetail Utilities CableElectricPublic Water

    Listing provided courtesy of Tri Apple Realty.

    © 2018 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-09-25T12:04:41.253.
     
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