12270 W colonial Drive, Winter Garden, FL 34787
$2,275,000
Property Type:
Commercial Sale
Square Footage:
14,000
Lot Size (sq. ft.):
77,101
Status:
Closed
Current Price:
$2,275,000
List Date:
5/01/2023
Last Modified:
9/28/2024
Description
FANTASTIC OPPORTUNITY in booming West Orange County! Property includes adjacent parking lot not shown on original survey. 139.77' X 200'...27,954' square feet with 53 marked parking places.
Spaces currently divided into 7 units. Unit 106 has 2 overhead rollup Bay doors. Restaurant uses Gas.
Stormwater drainage and retention area. National and local tenants with long lease history. one unit used by owner. Easy access to Turnpike and 408...located on a major highway
10405' leasable sq. feet on almost 2 prime acres! 94 plus parking spaces.
Allows room for expansion.
43,500 ADT.
More Information MLS# 1101028
General Property Information
Lot Size Acres: 1.77
Number Of Units Total: 7
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: 429 S. TO EXIT 23:SR-50/W COLONIAL DRIVE. 0.7 MILES WEST TO PROPERTY ON LEFT
Public Remarks: FANTASTIC OPPORTUNITY in booming West Orange County! Property includes adjacent parking lot not shown on original survey. 139.77' X 200'...27,954' square feet with 53 marked parking places.
Spaces currently divided into 7 units. Unit 106 has 2 overhead rollup Bay doors. Restaurant uses Gas.
Stormwater drainage and retention area. National and local tenants with long lease history. one unit used by owner. Easy access to Turnpike and 408...located on a major highway
10405' leasable sq. feet on almost 2 prime acres! 94 plus parking spaces.
Allows room for expansion.
43,500 ADT.
Building Area Total: 14000
Lot Size Dimensions: 76,596.30'
List Price/SqFt: 200
Sold Price/SqFt: 162.5
Year Built: 1987
Location, Tax, and Legal
Country: US
Parcel Number: 12-22-27-6496-24-012
Tax Annual Amount: 22914.3
Tax Year: 2022
Tax Legal Description: OVERSTREET CRATE COMPANYS F/9 THE E 139.77 FT OF FOLLOWING DESC FROM NW COR OF NE1/4 OF SEC 25-22-27 RUN S 75 FT E 1037.18 FT FOR POB TH E 202.27 FT S 350 FT W 202.27 FT N 350 FT TO POB OR B&P 5998/3792,ON 09-01-99,INST WD & ( THAT PT DEC AS OVERSTREET CRATE COMPANYS F/9 BEG 959.91 FT E & 75 FT S OF NW COR OF NE1/4 TH RUN E 139.7 FT S 350 FT W 139.7 FT N 350 FTTO POB (LESS COMM AT NW COR OF NE1/4
Zoning Description: Retail
Currently Not Used
Year Built: 1987
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Other: 1
Current Use
Retail: 1
Shopping Center: 1
Heating
Central: 1
Electric: 1
Natural Gas: 1
Other: 1
Income and Expenses
Gross Income: 169481
Net Operating Income: 152850
Owner Pays
Grounds Care: 1
Insurance: 1
Other Tax: 1
Taxes: 1
Trash Collection: 1
Road Frontage Type
Highway: 1
Other: 1
Security Features
Security Fence: 1
Sewer
Public Sewer: 1
Utilities
Sewer Available: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 15 - 20 Feet High
Kitchen Facilities: 1
Loading Dock: 1
Maximum Ceiling Height: 11
Private Restroom: 1
Showroom: 1
Vac Off/Retail SqFt: 14050
Business Type
Bar/Tavern/Lounge: 1
Commercial: 1
Convenience Store: 1
Food & Beverage: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Existing Lease Type
Gross: 1
Location
Shopping Center: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): 1105-retail C-2; Bldg Type/Location: Free Standing; # Parking: 94; Interior Improvement: Display Window, Truck Drive in Door; Income/Operating Inc: NOI: 152850; Parking: Assisted, Lighted, Paved; SqFt: Occupied SqFt: 10405, Retail Rate SqFt: 13; SqFt - Total: 15968.00; Site Improvements: Curb/Sidewalks, Gutters, Pole Sign; Confidential Listing: N; Highway Access: 2 blocks; % Occupancy: 100.00; Road Frontage: 116.20; Depth: 350.00; Commercial Property Name: SHOPPES OF WINTER GA; Financial Package: Yes; Franchise Opt In: No; Current # Tenant: 3.0000
Contract Information
Current Price: $2,275,000
Sold Price: $2,275,000
Status: Closed
Listing Contract Date: 2022-09-03
Property Sub Type: Business
Location Tax and Legal
Street Number: 12270
Street Direction Prefix: W
Street Name: colonial
Street Suffix: Drive
County: Orange
State: FL
Postal Code: 34787
MLS Area Major: 98 - Any Other Area Off of the Map
Status Change Information
Major Change Timestamp: 2023-07-27T23:07:00Z
Major Change Type: Status Change
Purchase Contract Date: 2023-05-31
Close Date: 2023-07-27
Close Price: 2275000
Property Features
Building Features: Kitchen Facilities; Loading Dock; Private Restroom; Showroom
Business Type: Bar/Tavern/Lounge; Commercial; Convenience Store; Food & Beverage; Professional Service; Professional/Office; Restaurant; Retail
Construction Materials: Block; Concrete
Cooling: Central Air; Other
Current Use: Retail; Shopping Center
Existing Lease Type: Gross
Heating: Central; Electric; Natural Gas; Other
Location: Shopping Center
Owner Pays: Grounds Care; Insurance; Other Tax; Taxes; Trash Collection
Road Frontage Type: Highway; Other
Sale Includes: Building & Land
Security Features: Security Fence
Sewer: Public Sewer
Utilities: Sewer Available
Water Source: Public
Listing Office:
Beach Towne Brokers
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.