5019 Edgewater Dr - Supermarket FOR SALE


Orlando, FL 32810
$19,500,000 USD
844-887-2737
5019 Edgewater Dr, Orlando, FL for Sale
$19,500,000 USD
Supermarket - FOR SALE
1/14
null | 7.7% Cap Rate

5019 Edgewater Dr
Orlando, FL 32810


HIGHLIGHTS

  • 124,000 SF RETAIL CENTER
  • LOCATED IN OPPORTUNITY ZONE
  • SELLER FINANCING OFFERED TO QUALIFIED PURCHASER

OVERVIEW

This offering includes two properties with a combined 124K SF retail space on 16-acres MOL. Zoning is C-3/Wholesale Commercial, allowing a multitude of future commercial and multifamily developments. Offering includes: • 16-acres MOL (Two Properties) • 124,000 SF Retail Building (118,000 SF Strip Center plus 5000 SF Building in rear) • (2-acres in rear of Retail Center is dedicated to new Outdoor Storage business) • Zoning: C-3 (Opportunity Zone) • Land Use: Office/Retail/Storage/Warehouse • Parking Spaces: 450 +/- • Traffic Count: 37,000 AADT Currently the retail center is 100% Occupied with a long-term steady tenant base. There are only three longer term tenants, with lease extending into 2030’s through extensions. Current revenue is: • $1,573,485 Gross Revenue • NNN (Except for USPS -$60,000) • $1,513,485 NOI Future Development: Future expansion/development: Zoning permits a multitude of multifamily, commercial, medical options. Opportunity Zone: These properties are located within an Opportunity Zone providing a tax incentive for Investors and Developers. Visit www.eig.org. It is advised to consult with a CPA, Attorney, or other professional who can provide advice on Opportunity Zones.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

124K SF RETAIL CENTER - SELLER FINANCING!!!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

16 AC

LAND SF

696,960 SF

ZONING

C-3

APN/PARCEL ID

29-2203-5844-00-450

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
844-887-2737

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Benny SpensieriCRES Corp International, LLCMore Info
844-887-2737

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