12270 W colonial Drive, Winter Garden, FL 34787 (MLS# 1101028)

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

Overview

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.

Listing Details MLS# 1101028

General Property Information

Number Of Units Total: 7
Building Area Total: 14000
Year Built: 1987
Lot Size Acres: 1.77
Lot Size Dimensions: 76,596.30'
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.
List Price/SqFt: 200
Sold Price/SqFt: 162.5

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

Contract Information

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

Building Features

Ceiling Eve Height: 15 - 20 Feet High
Maximum Ceiling Height: 11
Vac Off/Retail SqFt: 14050
Kitchen Facilities: Yes
Loading Dock: Yes
Private Restroom: Yes
Showroom: Yes

More Information

Income and Expenses

Gross Income: 169481
Net Operating Income: 152850

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

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: Yes
Concrete: Yes

Cooling

Central Air: Yes
Other: Yes

Current Use

Retail: Yes
Shopping Center: Yes

Heating

Central: Yes
Electric: Yes
Natural Gas: Yes
Other: Yes

Owner Pays

Grounds Care: Yes
Insurance: Yes
Other Tax: Yes
Taxes: Yes
Trash Collection: Yes

Road Frontage Type

Highway: Yes
Other: Yes

Security Features

Security Fence: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes

Water Source

Public: Yes

Business Type

Bar/Tavern/Lounge: Yes
Commercial: Yes
Convenience Store: Yes
Food & Beverage: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Existing Lease Type

Gross: Yes

Location

Shopping Center: Yes

Sale Includes

Building & Land: Yes

Listing Office: Beach Towne Brokers

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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