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Philip & Perrine Dowling

perrine@dowlingteam.com +1(239) 537-3332

$1,615,000

Est. payment - /mo

3,258 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,258 sqft

Price per Sqft $495

Subdivision Weidows Sub

MLS Listing ID O6415078

HOA Y/N No

Year Built 1982

Annual Tax Amount $9,566

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions 140x176

Property Sub-Type Retail

Source Stellar MLS

Property Description

MULTIPLE INCOME STREAMS - Prime high-traffic East Michigan Street corner lot location, over half-acre. Although the main building has served as a thrift outlet, it can be easily adapted to numerous retail or service provider configurations, ranging from, but certainly not limited to, vape shops to professional services. In addition to the 2 standard garages, 3 bathrooms and 4 additional entrances, there is ample commercial parking. Enhance your annual ROI with tens of thousands in PASSIVE RENTAL INCOME from the 2 single family residences included in the purchase. Or get really creative by tearing down and re-zoning to 2 50-foot by 140-foot home sites, noting that new zoning has been proposed which would allow heights soaring 2 or 3 stories. MORE PASSIVE INCOME via stacked billboards also included in this offering. Great location with multiple income stream potential - a unique investment opportunity that will likely not last long. Contact us today to schedule your visit.

Location

State FL

County Orange

Community Weidows Sub

Area 32806 - Orlando/Delaney Park/Crystal Lake

Zoning C-1

Interior

Cooling Central Air

Exterior

Utilities Available Electricity Available, Water Connected

Water Access No

Exposure North

Building

Lot Description Corner Lot, Sidewalk

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Structure Type Block,Stucco

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6415078

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Listed by John Vincent JR REALTY GROUP LLC

884 E MICHIGAN ST Orlando, FL 32806