216 S Park Ave - Restaurant FOR SALE


Winter Park, FL 32789
$5,500,000 USD
407-308-0229
216 S Park Ave, Winter Park, FL for Sale
$5,500,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

216 S Park Ave
Winter Park, FL 32789


HIGHLIGHTS

  • Iconic Mixed Use Property in the Heart of Winter Park, FL
  • Ground Floor Retail Anchored by Recognized and Beloved Local Operator, Pannullo’s Italian Restaurant
  • Office Space Overlooking Central Park, Fully Leased to Best in Class Regional Businesses on Shorter Term Leases, Enabling Potential Owner Occupancy
  • Low Single Digit Retail & Office Vacancy in Downtown Winter Park (1-3%)
  • Neighboring Tenants include Bank of America, Pottery Barn, Restoration Hardware, Chico’s, Warby Parker, William Sonoma & Lily Pulitzer
  • 216 South Park is Midblock of the Busiest Block on Park Avenue – Epicenter positioning for Winter Park Art Show and Seasonal Events

OVERVIEW

Presenting 216 South Park Avenue, A High Street Retail & Office Investment Located in the Heart of Downtown Winter Park, Florida. For the first time in nearly 50 years, qualified investors have an opportunity to acquire the trophy asset at 216 South Park Avenue, Winter Park Florida (the “Property” or “216 S. Park Ave”). 216 S. Park Ave features a 4950 Square Foot mixed use building that has been continuously 100% leased for decades. The Property is in the middle of the action on the Orlando MSA’s most trafficked pedestrian corridor and is surrounded by Park Avenue’s many world class retail and dining venues. Anchored by longstanding local tenants, 216 S. Park Ave gives the investor immediately predicable cash-flow coupled with tremendous upside in future retail and office rental rate appreciation. Ownership and McConnell Capital respectfully insist that interested parties refrain from approaching tenants at the Property. This sale offering is for real estate only, all business operating on premises will remain such, pursuant to their respective leases. Tours of the Property must be coordinated with McConnell Capital who will accompany all parties while on Property.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

216 South Park Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-2

APN/PARCEL ID

30-2205-9400-39-090

ASK ABOUT THIS PROPERTY

Sean McConnellMcConnell Capital, LLCMore Info
407-308-0229

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Sean McConnellMcConnell Capital, LLCMore Info
407-308-0229

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.