926 N Mills Ave - Storefront FOR SALE


Orlando, FL 32803
$3,200,000 USD
407-852-8889
926 N Mills Ave, Orlando, FL for Sale
$3,200,000 USD
Storefront - FOR SALE
1/9
null | 6.02% Cap Rate

926 N Mills Ave
Orlando, FL 32803


HIGHLIGHTS

  • One of the few strip centers available on Mills 50, the most popular neighborhood corridor in Orlando.
  • Smoker’s Safari’s lease ends in six months, offering an owner-operator the chance to occupy the property they own.
  • Death In The Afternoon, one of the busiest cocktail bars in the city, has been a long-term tenant with several years remaining on its lease.
  • Recent property sales along Mills Avenue have closed at nearly $1,000 per square foot, demonstrating consistent and strong demand for the area
  • The property includes dedicated parking at the back of the building, along with open street parking along Mills Avenue.

OVERVIEW

Tony Nguyen, CCIM with The TRG Group, is proud to present a rare opportunity to own one of the few multi-tenant strip centers along Orlando’s highly sought-after Mills 50 corridor. Positioned in the heart of one of the city's most popular retail and dining districts, this property is fully set to generate income at closing, with all units occupied or under a Letter of Intent for long-term leases. Smoker’s Safari’s lease expiration in six months offers an option for an owner-operator to occupy a unit with SBA financing available at just 10% down, while investors may explore lease renewal with the existing tenant. Anchored by prominent tenants such as "Death In The Afternoon," a high-traffic cocktail bar with a long-term lease, the property draws steady foot traffic and activity. Recent comparable sales along Mills Avenue nearing $1,000 per square foot highlight the ongoing demand for real estate in this corridor. The property features dedicated parking at the rear as well as street parking, and the small unit sizes enhance future leasing flexibility. Surrounded by strong demographics with a population over 14,000 and average household incomes above $110,000 within a one-mile radius, this property is positioned as a sound investment within one of Orlando’s thriving commercial markets.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mills Avenue Retail Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,298 SF

ZONING

MU-1/T

APN/PARCEL ID

24-2229-4468-09-230

ASK ABOUT THIS PROPERTY

Tony Nguyen, CCIMTRG GroupMore Info
407-852-8889

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Tony Nguyen, CCIMTRG GroupMore Info
407-852-8889

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