8431-8433 E Colonial Dr - Service Station FOR SALE


Orlando, FL 32817
$2,270,000 USD
407-580-9313
8431-8433 E Colonial Dr, Orlando, FL for Sale
$2,270,000 USD
Service Station - FOR SALE
1/34
null | 5.65% Cap Rate

8431-8433 E Colonial Dr
Orlando, FL 32817


HIGHLIGHTS

  • Daily traffic more than 45,000 VPD
  • Off Highway 417
  • Dual access corner lot

OVERVIEW

Discover an exceptional business and real estate investment with this fully operational gas station and tenanted units, strategically positioned on a high-traffic corner lot at the first exit off Highway 417 onto Colonial Drive heading west. This property features a gas station/convenience store in one unit and a grocery store/mini-mart equipped with a full kitchen in the other, making it a versatile and lucrative opportunity. Key Highlights: Prime Location: Positioned on a corner lot with the first exit off Highway 417, ensuring high visibility and a consistent customer flow with an average daily traffic count of over 45,000 vehicles. Modern and Efficient Gas Station: Equipped with updated gas pumps featuring credit card payment systems and energy-efficient LED lighting. The station includes 4 double-sided filling stations, offering a total of 8 gas pumps with 3 fuel grades and 1 diesel pump. Environmental Safety: Double-walled gas tanks are in place, ensuring compliance with environmental safety regulations. Income Stability with Triple Net Leases: The property is offered with Triple Net Lease (NNN) tenants in place, providing a stable income stream and minimal management responsibilities for future owners. Leasable Space: The grocery store with a full kitchen boasts 2,542 sq ft of net leasable space, while the convenience store covers 1,693 sq ft. Additional revenue streams include an ATM inside the convenience store and lottery sales. Recent Upgrades: The property features a new roof and a freshly painted exterior as of 2024, reducing immediate capital expenditure requirements for the new owner. Whether you're looking to expand your portfolio or enter the value-added gas station and convenience store market, this opportunity promises immediate returns and long-term growth potential. Don’t miss out on this high-traffic, high-visibility location with stable income and strong investment fundamentals. Contact us today for more information or to schedule a viewing!

FOR SALE DETAILS

PRICE

$2,270,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citgo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C-1, County

APN/PARCEL ID

13-2230-3640-02-010

ASK ABOUT THIS PROPERTY

Esther GrillerBlue Chip International Realty LLCMore Info
407-580-9313

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

Esther GrillerBlue Chip International Realty LLCMore Info
407-580-9313

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