About This Restaurant
Investment Highlights
Trophy restaurant location: Waterfront on a major road with high traffic counts and great demographics. Excess land providing ample parking New owner can continue to run the successful restaurant (under a different name) or change to a new desired concept. Excellent visibility and large LED signage with 450 feet of frontage on East Colonial Drive with over 52,000 cars per day. Sale includes: Real Estate, FF&E, inventory and business. FF&E - Estimated to be over $500,000 and inventory (value TBD)
Executive Summary
Included in sale: Real Estate: 3 contiguous fee simple parcels 1. Main restaurant - 13,918 SF - (5310 E. Colonial Dr) 2. Additional building - 5,555 SF - (5314 E. Colonial Dr) 3. Additional land parking area - (5300 E. Colonial Dr) *Total usable land - 1.74 acres
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Restaurant
- Building Size 19,473
- Building Class C
- Year Built 1974
- Price 6,000,000
- Price Per SF 308
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.26
- Land Acres 1.74 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Taxes
Parcel Number | 30-2221-4736-04-071 30-2221-4736-04-122 | Improvements Assessment | $1,086,313 |
Land Assessment | $2,173,985 | Total Assessment | $3,260,298 |
Date Created: | 2024-07-16 04:13:33 | Last Updated: | 2024-07-16 04:13:33 |
Address: | 5300-5310 E Colonial Dr , Orlando, Florida, 32807 |