101 S Eola Dr - Apartments CONDO FOR SALE


Orlando, FL 32801- Thornton Park
$1,453,700-$3,226,000 USD
407-706-3579
101 S Eola Dr, Orlando, FL for Sale
$1,453,700-$3,226,000 USD
Apartments CONDO - FOR SALE
1/64
2,531-5,252 SF | 7.5% Cap Rate

101 S Eola Dr
Orlando, FL 32801
Thornton Park


HIGHLIGHTS

  • 7.5% Cap Rate
  • $120k+ Parking Additional Income
  • Long Terms Tenants / Stable
  • Entire Retail Ground Floor Units in 101 Eola Tower

OVERVIEW

Original End Cap restaurant space. Offered as a Sale/ Leaseback or to an Owner / User. Restaurant FF&E and liquor license could be sold along with the real estate. End cap restaurant located on the northwest end of the building on the southeast corner of S Eola Drive and Pine Street in Thornton Park. Suite C101 & 102 consists of 5,252 square feet and occupied by Rusteak Thornton Park and affiliate Broken Cage. Property Highlights: Prominent storefront along S Eola Drive with floor-to-ceiling glass frontage 5,252 SF fully built out as a boutique restaurant, Rusteak Thornton Park and affiliate Broken Cage. High pedestrian traffic driven by 146 luxury condo residences above and surrounding multifamily density Modern construction with high ceilings, upgraded finishes, and direct street access, outside elevated seating. Onsite parking available 2nd floor garage, deeded parking spaces!! Located within steps of Lake Eola Park, Publix, Starbucks, and numerous restaurants and fitness studios Zoned AC-3A/T (Downtown Metropolitan Activity Center) — permitting a wide range of commercial uses Real estate owner is also the restaurant owner / operator. Could structure terms that would be attractive given the right buyer / investor. Restaurant is performing well, can provide financials. Being offered separately or together in a portfolio of five units representing the entire retail ground floor 101 Eola Condo Tower. The portfolio also includes the entire second floor parking spaces of the tower which brings in $120k+ annually. Purchase money or seller financing could be available.

FOR SALE DETAILS

PRICE

$1,453,700-$3,226,000 USD

CAP RATE

7.5%

# OF UNITS

4

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

101 Eola Drive - 5 Unit Retail Condo NNN 7.5%

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

13,445 SF

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

PD/T

APN/PARCEL ID

25-2229-0029-01-204

ASK ABOUT THIS PROPERTY

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407-706-3579

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407-706-3579

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