1051 W Sand Lake Road, Orlando, FL 32809 | MLS RX-10507482 | Listing Information | BHHS Florida Realty

1051 W Sand Lake Road,  Orlando FL, 32809

1 bath
25,298 sqft
Status: Active
MLS#: RX-10507482
1of
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Last Updated: 3/22/2019 5:57 PM
Description for 1051 W Sand Lake Road Orlando, FL 32809
- This commercial property has a 25,000 sf building on its 3.03-acre lot.- The price is based on 6.67%-7% CAP rate of the current tenant, and the value of $300K-$500K of the out-parcel,in which to build an additional building of 5,000 sf for an Additional Income. - The current tenant has a good credit, stable and strong payment history. Their business is growing and they want to continue with the lease as long as the landlord allowed. The current lease ends on Dec 2022. The new rental rate will base on the market price at the time of renewal. They have invested more than $2+ million to set up this location. - Location Highlights:--- across from Florida Mall, the busiest and largest shopping center in South Florida, welcoming more than 20+ million visitors annually
Price
$4,500,000
Orange
1
25,298 (approx)
RX-10507482
Active
Description
- This commercial property has a 25,000 sf building on its 3.03-acre lot.- The price is based on 6.67%-7% CAP rate of the current tenant, and the value of $300K-$500K of the out-parcel,in which to build an additional building of 5,000 sf for an Additional Income. - The current tenant has a good credit, stable and strong payment history. Their business is growing and they want to continue with the lease as long as the landlord allowed. The current lease ends on Dec 2022. The new rental rate will base on the market price at the time of renewal. They have invested more than $2+ million to set up this location. - Location Highlights:--- across from Florida Mall, the busiest and largest shopping center in South Florida, welcoming more than 20+ million visitors annually
Listing Information
Property Type: General Commercial, Other
1 3.03 Acres
25,298 (approx) $177.88 1998
Cable TV, Electric
Neighborhood
Room Information
Interior Features
Central Air, Electric
Electric Heating, Central
Exterior / Lot Features
None
Driving Directions
Across from Florida Mall in Orlando, Florida
Financial Considerations
272329000000047
$50,226
2018
Market Trends and Price History
Listing Price History

Orlando Real Estate

Orlando is located in Florida. Orlando, Florida 32809 has a population of 10,668.

The median household income in Orlando, Florida 32809 is $32,674. The median household income for the surrounding county is $47,556 compared to the national median of $53,482. The median age of people living in Orlando 32809 is 33.5 years.

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Courtesy: Tri Apple Realty
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 2019 Beaches Multiple Listing Service, Inc.
This content last refreshed on 3/22/2019 5:57 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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