1101 COLONIAL DRIVE

City: | Subdivision:

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.

Basic Details
Property Type : Commercial Sale
Commercial Sub Type : Restaurant
Listing Type : For Sale
Listing ID : MFRO6112691
Price : $3,800,000
Square Footage : 8,163 Sqft
Year Built : 1926
Lot Size : 15,228 Sqft
Status : Active
Days On Market : 407
Standard Status : Active
Features
: Central Air
0
0
AC-1/T
Address Map
US
FL
Orange
ORLANDO
OVERSTREET OAK HILL SUB
32803
COLONIAL
1101
DRIVE
0
W82° 38' 5.2''
N28° 33' 12.5''
I4 to East Colonial. Turn left onto N Mills. Property is on the right. Directly off East Colonial.
32803 - Orlando/Colonial Town
E
Neighborhood
Neighborhood
Additional Info
BLUE CHIP INTERNATIONAL REALTY LLC
Xiao Pang
$0
: Stucco
: Slab
MFR261216751
MFR261016583
24-22-29-6492-06-180
: None
1
$27,551
2022
Click Here
MFR261206332
06-08-2023
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What is Nearby?

1101 COLONIAL DRIVEORLANDO, Florida 32803

  • Square Footage: 8,163 Sqft
  • Visits : 146 in 99 days
$3,800,000
Listing ID#MFRO6112691
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