705 E Michigan St - Office/Residential FOR SALE


Orlando, FL 32806- Delaney
$579,000 USD
407-230-8093
705 E Michigan St, Orlando, FL for Sale
$579,000 USD
Office/Residential - FOR SALE
1/6
null | 8% Cap Rate

705 E Michigan St
Orlando, FL 32806
Delaney


HIGHLIGHTS

  • Fully renovated in 2023 with major capital improvements completed.
  • Direct frontage and prominent signage on Michigan Avenue, a major Orlando thoroughfare.
  • Fully leased with four established tenants generating immediate cash flow.
  • Positioned within the vibrant SODO District near retail, dining, and healthcare facilities.
  • Convenient access to I-4 and SR-408 for regional connectivity.
  • Close proximity to Downtown Orlando and Orlando Health medical campus.

OVERVIEW

This fully stabilized income-producing property offers a rare opportunity along one of Orlando’s highest-traffic corridors, Michigan Avenue, which averages over 24,000 vehicles daily. The building has undergone a complete transformation from residential to commercial use, with a comprehensive gut renovation completed in 2023. Upgrades include a new roof, windows, flooring, lighting, kitchen, appliances, granite countertops, tankless water heater, and vanities, ensuring modern functionality and minimizing near-term capital expenses. The property currently supports four tenants specializing in women’s wellness and beauty services, providing natural synergies and steady referral traffic. This arrangement generates approximately $4,700 per month in gross income, resulting in a cap rate near 8% after expenses. Located in the heart of the SODO District, the site benefits from immediate access to major arterials including I-4 and SR-408, enhancing connectivity to Downtown Orlando, the region’s employment hub, and a dense residential base. Buyers seeking a turnkey investment with strong cash flow and long-term positioning in a growth corridor will find exceptional value in this asset.

FOR SALE DETAILS

PRICE

$579,000 USD

PRICE/SF

$764 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,723 SF

ZONING

C-1

APN/PARCEL ID

01-2329-0000-00-031

ASK ABOUT THIS PROPERTY

Matt MerdianMerdian RealtyMore Info
407-230-8093

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Matt MerdianMerdian RealtyMore Info
407-230-8093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.