$1,680,000

500-508 W Oak Ridge Road Orlando, FL 32809 • Commercial - Retail • Active

  • 500-508 W Oak Ridge Road, Orlando, FL 32809 Main Photo

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Description

This property provides several unique business opportunities that won't be found in another building in the area! This 5 unit space is currently occupied by a church in a single unit on a month to month lease, and a restaurant with a bar license in 2 adjoining units leased through August 2028. There are two empty center units with one previously used for a beauty salon. These specialty uses are not easy to get approved, so this location keeps your options open for specialized tenants. This building is perfect for a new owner ready for immediate and ongoing cash flow, and has space to owner/occupy the 2 empty units. If you prefer, the restaurant is ready to expand into the other 2 units so the building is fully occupied. This is a solid long-term tenant with good payment history.This is a single-story, free-standing commercial building of approximately 4,400 square feet. It is zoned C-1 and has 16 parking spaces on the property. The building has been well maintained with the latest remodel completed in 2019. Natural gas is available at the back of the building for a laundromat, beauty salon, or restaurant. It is on county sewer and water with separate water and electric meters for each unit.It's in the Pine Castle / South Orlando area of unincorporated Orange County, on the West Oak Ridge Road corridor, a short distance from Oak Ridge High School and close to South Orange Blossom Trail and I-4.No owner financing offered.

Property Highlights

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.37 Acres
Stories: 1.0
Taxes: $6,487
Year Built: 1974

General Information

County: Orange
Listed By:
Jennifer Pigg ELITE REAL ESTATE TEAM 386-314-7505

Property Features

Days on Site: 5
Directions: From 528 take Exit 8 for McCoy Rd/FL-482 toward Sand Lake Rd. Turn Right on Gondola Dr. Turn Left on Perkins Rd. Turn Right on S Orange Ave. turn Left onto E Oak Ridge Rd. Building is on the left.
Exterior: Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.37
Ownership: Fee Simple
Parking: Common, Shared Parking
Parking Notes: Common, Shared Parking
Property Attached Y/N: No
Property Sub-Type: Retail
Showing Instructions: Appointment Only, Call Listing Agent, See Remarks
Special Sale Provisions: None
Water Access Y/N: No
Zoning: C-1
$1,680,000
New to the Market Active
SQUARE FEET5,000 MLS#NS1089566
STATUSActive PROPERTY TYPECommercial - Retail

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500-508 W Oak Ridge Road, Orlando, FL 32809.

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