1051 W. Sand Lake Road, Orlando, FL

Retail for Sale - $5,000,000 - 25,000 Sq. Ft. on 3.03 acres


Print   |   Report Error   |   Email Listing

Agent Info

NameAnita Nguyen

Property Info

CIMLS #1025762
Location1051 W. Sand Lake Road
Orlando FL 32809
Last UpdatedSeptember 7th, 2018
TypeRetail
Price$5,000,000
Building25,000 Sq. Ft.
Land3.03 acres
DemographicsView data

Contact


Property Description

An Unit Opportunity for Investors/Developers/Corporations to Earn a Stable Income from a current building and Earn an Addition Revenue by Building an Additional Structure on the same lot. Not many lots are allowed to Build an Additional Building like this one.

and Not many lots are located in a super busy corner like this lot.

Current CAP Rate: 6%

Achievable CAP Rate: 13%

Current lot: 3.03 acres with 25,000 SF Commercial Building

NOI: $300,000 / yr

Able to Build an Additional Building of 5,000 - 10,000 SF for an Additional Income of $200,000 - $300,000

DO NOT MISS THIS OPPORTUNITY. CONTACT THE LISTING AGENT NOW FOR MORE INFORMATION.

The commercial property has a 25,000 sf building on its 3.03-acre lot. The city allows to build An Additional Building of up to 10,000 sf. This unique opportunity allows the new owner to gain more income in addition to a current income from the current tenant.

The site plan designs a new 5,000 sf building in the corner of Sand Lake and Golden Rd. The new owner can modify and change the design as where is the new building should located.

This unique characteristic makes the property out-standing vs. the other properties:

- 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. They have invested $2+ million to set up this location.

- Currently, their payment bring a 6% CAP Rate. When the new owner builds an additional building on the same lot, they can achieve a 13% CAP Rate and higher.

The location and visibility of the lot make it unique as a Prime location in Orlando:

- across from Florida Mall, the busiest and largest shopping center in South Florida, welcoming more than 20+ million visitors annually, attracting. This property is attracting all of FL Mall customers' attentions before they turn into the shopping mall.

- near the Florida Hotel & Conference Center

- surrounding by Strong National Brands: Florida Mall, Red Lobsters, Olive Gardens, Bank of America, Starbucks, Panera Bread, Outback, Target, Miller's Ale House, Room to Go, Publix, Home Depot, Chili, etc.

- excellent exposure on Sand Lake Road, a major artery leading to Orlando International Airport, Florida Turnpike, John Young Parkway, Interstate 4, and SR 528.

- located within 5-Mile Radius of Multi-Million Approved/Built Projects, attracting additional 3+ million new visitors each year, creating thousand of new job for the area. Some of them are $460 million Skyplex Complex, Andretti Indoor Karting & Games, etc.

- Orlando is a BUSIEST CITY, the 26th largest metropolitan area in the U.S., the 6th largest metropolitan area in the Southern U.S., and the 3rd largest metropolitan area in the State of Florida. The City is welcoming 62+ million visitors from over 197+ countries. Orlando, Florida remains the entertainment capital of the world. Tourist generates more than 54+million dollars of economic activity in Orlando each year.


Financials

Current CAP Rate: 6%

Achievable CAP Rate: 13%

Current lot: 3.03 acres with 25,000 SF Commercial Building

NOI: $300,000 / yr

Able to Build an Additional Building of 5,000 - 10,000 SF for an Additional Income of $200,000 - $300,000


Location