Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2006
Sq.Footage
1,282
LEASED INVESTMENT - 100 PERCENT OCCUPIED THROUGH JANUARY 2031. Unit 13 is a 1,282 SF office condo in Building 2 of the Old Winter Garden Road Commerce Center - four private offices, conference room and reception - leased to a nursing academy through 1/31/2031 on a Modified Gross lease with 3 percent annual escalations and a five-year renewal option; the lease transfers with the sale. Year-1 NOI $28,836 - a 7.69 cap at $375,000. Available individually or with the adjoining 2,564 SF suite (Units 12A and 12B, leased to an established congregation through 1/31/2031, MLS S5145472, $600,000) as a 3,846 SF package at $975,000 with combined Year-1 NOI $67,654 (6.94 cap). Concrete block construction (2006), single story, central A/C, in a professionally managed condominium park with shared surface parking; the association covers exterior insurance, common areas, landscaping and the lot. Zoned I-G, City of Orlando. Federal Opportunity Zone. Old Winter Garden Road frontage with about 24,500 vehicles a day; roughly half a mile to I-4, minutes to SR-408, SR-50 and John Young Parkway, about three miles west of downtown Orlando. Independent MAI appraisal, rent roll and leases available to qualified buyers after a confidentiality agreement. Cash or conventional buyers can close in 2026. Showings by appointment with 48 hours notice to the tenant; video walkthrough on request.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,283
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$375,000
-
Tax Amount
$2,838.07
-
Sq. Footage
1,282
-
Price/SqFt
$292
HOA
-
Association
N/A
-
Total Monthly Fees
$270.67
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Block
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
130
-
Water Source
Public
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Shane Rampersaud, UNIVERSAL REALTY OF CENTRAL FL
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FOUNDER
Ashley Baillio
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