$549,000
Active · 109 days on market · MLS# MFRO6390393
| Living area | 758 sq ft |
|---|---|
| Lot size | 0.11 acres |
| Year built | 1940 |
| Property type | Office |
| Waterfront | Yes |
| Annual taxes | $3,485 |
| County | Orange |
Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue — one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals — including licensed estheticians — creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate over 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.
Listing courtesy of Matt Merdian, MERDIAN REALTY LLC. Presented by MC Homes Realty Inc · 727432218.