7123 Red Bug Lake Rd - Freestanding FOR SALE
Oviedo, FL 32765 |
$3,265,000 USD
818-618-4522
7123 Red Bug Lake Rd
Oviedo, FL 32765
HIGHLIGHTS
- Ideally located in the dense Orlando MSA, this property benefits from high traffic counts seeing an upwards of ±42,000 VPD.
- Orlando sees roughly 74 million visitors annually, which results in a $92.5 billion tourism economic impact.
- Value-Add Opportunity: Formerly a Macaroni Grill, the Offering presents an opportunity for an owner/user or redevelopment.
- The property is a large ±1.79 AC parcel and has great visibility from Red Bug Lake Road.
- Robust Community: Oviedo has seen steady population growth throughout the year.
- The property sits off Red Bug Lake Rd, the main road that also leads to Oviedo Mall and other national retailers such as Lowe's, Target, Home Depot
FOR SALE DETAILS
PRICE
$3,265,000 USD
PRICE/SF
$553 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Romano's Macaroni Grill
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
383
LAND DETAILS
LAND ACRES
1.79 AC
LAND SF
77,972 SF
ZONING
PCD
APN/PARCEL ID
19-21-31-514-0000-0020
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818-618-4522
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818-618-4522
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