121-189 S Orange Ave - Office/Residential CONDO FOR SALE


Orlando, FL 32801- Arts District
$1,650,000 USD
121-189 S Orange Ave, Orlando, FL for Sale
$1,650,000 USD
Office/Residential CONDO - FOR SALE
1/28
null | 5.35% Cap Rate

121-189 S Orange Ave
Orlando, FL 32801
Arts District


OVERVIEW

LCRE Group at Remax Direct presents a prime investment in downtown Orlando’s Plaza Building – North Tower. This sale includes two income-producing office units totaling 6,401 sq. ft. Unit 1450N (4,538 sq. ft.) is a corner space with a balcony overlooking Orange Ave, featuring an open layout, conference rooms, private offices, a kitchen, and a breakroom, leased until March 31, 2027. Unit 1470N (1,683 sq. ft.) has a double-door entry, new paint, wood laminate floors, private offices, a reception area, a breakroom, and conference rooms with floor-to-ceiling windows showcasing downtown Orlando and Lake Eola, leased until October 31, 2026. This is a fantastic opportunity to acquire an income-generating asset in a prime location. CAP RATE at 5.35% NOI: $88,312.00

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

5.35%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

500,000 SF

STORIES

21

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

AC-3A/T/HP

APN/PARCEL ID

26-22-29-7157-15-500,26-22-29-7157-15-700,29-2226-7155-02-000,29-2226-7155-11-000,29-2226-7155-11-100,29-2226-7155-11-300,29-2226-7155-11-500,29-2226-7155-11-700,29-2226-7155-11-900,29-2226-7155-21-000,29-2226-7155-21-100,29-2226-7155-21-150,29-2226-7155-21-200,29-2226-7155-31-000,29-2226-7156-10-000

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Carlos CaicedoRE/MAX CommercialMore Info

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