ORLANDO, FL 32806

Property

Ownership: Corporation
Type: Unknown
Lot Size: 0.1 Acres

Financials

Price:$559,500
Annual Taxes:$3,485.26
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of MERDIAN REALTY LLC

Rare opportunity to own a fully stabilized, income producing commercial property with direct frontage on Michigan Avenue one of Orlando's highest traffic corridors averaging over 24, 000 vehicles per day.

Description

Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue — one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals — including licensed estheticians — creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate approaching 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.

Amenities

  • Bathrooms
  • Corner Lot
  • Insulated Windows
  • Kitchen Facility
  • Microwave
  • Public
  • Refrigerator
  • Seating
  • Waiting Room
  • Water Connected

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.