5700 E COLONIAL DRIVE

ORLANDO, FL, 32807

$7,900,000

$146 per ft²
$7,900,000
$146 per ft²
Active
Active
 - For Sale
carpenters-square
53,861 ft²
property_type
Commercial
calendar
Built 1975
This 7.75 acre property is anchored by the intersection of two major commercial arterials: State Road 436 (Semoran Blvd) and State Road 50 (Colonial Drive). This location is a gateway to key governmental, financial, and commercial institutions. SR50 runs through Downtown Orlando which is the central business district of the area. The intersection of these two arterials, which is where the property is sited, provides a connection between residential, commercial and governmental entities that is recognized by the City of Orlando and Orange County as the SR436/SR50 Corridor Overlay District. The property is approved for 90,000SF of retail space and zoned C-2. This is a prime site for a re-development opportunity. 53,861 SF building in shell condition, can be renovated or incorporated into a new project or demolished and used for Impact & Development Fee credits with Orange County. This is a highly visible corner with frontage on both 436 and East Colonial. Great site for future CVS, Walgreens, grocery store, or other retail user. This property is part of a redevelopment plan intended to create a more cohesive land use pattern and to improve the multimodal transportation system. The Seller will consider selling the Northern 3+- acres with 8,000-10,000 SF building for $2,500,000 and the Southern portion of the property with approximately 4-5 acres with a 40,000-45,000 Sf Building for $7,500,000. Seller says sell! Make offer!
MLS® ID:
O6010822
Listed:
3/16/22
Updated:
8/10/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air

Exterior/Building Features

Lot Size
7.75 acres lot

Other Property Details

Area Name
32807 - Orlando/Azalea Park/Park Manor
Taxes
$76472.95
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Orange
Pool
No
Total Stories
1
Zoning
C-2

Courtesy of THE WILLIAMS REAL ESTATE CO

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Data last updated 8/10/22, 7:32 PM UTC

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