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    111 N Summerlin Avenue

    Orlando, FL 32801
    • $3,100,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: O5971889
    UPDATED: 38 min ago
    $3,100,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,849
      SQFT
    • $1,088
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:
    Area:

    School Ratings & Info

    Description

    The property sits in the heart of Thornton Park, one of Orlandos most desired locations adjacent to Downtown Orlando. The property in its current state is being used as an event space, retail ice cream & deli, office rental, and Airbnb. Its current use had served the seller well, but now that it is transitioning its time for the right operator to come in and maximize the propertys use.The property consists of four buildings - three office/ retail/Airbnb properties. All the buildings share a common area/courtyard which features a stage for bands/ceremonies and open outdoor event space. The Veranda is strategically one of the best pieces of real estate in terms of its geography. With major thoroughfares being a three min drive from the property it allows the propertys to be easily accessible from all the surrounding areas. Also, its walkability allows it to tap into the immediate Thornton Park area, Eola Heights, Downtown, and Colonial Town South. These two factors (walkability and ease of access) make The Veranda prime for entertainment (bars, restaurants, comedy clubs, etc.) operators. The demographics in the immediate area only further support the suggested use as a food & beverage opportunity.The multiple functions of this investment property/ opportunity are rarely available in historic properties, but this property has the support of the City and Thornton Park, whom our offering incentives for the next owner of this gem. With the community and local municipalities behind the revitalization of this project now is the right time for a seasoned operator to seize this rare opportunity.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-25T11:40:44.897.
    www.cainepremierproperties.com/homes/121244538
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    111 N Summerlin Avenue Orlando, FL 32801

    • Price: $3,100,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: O5971889
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,849
    SQFT
    $1,088
    $/SQFT
    1915
    Built
    Neighborhood:
    Edgewater Terrace
    County:
    Orange
    Area:
    Orlando
    Property Description
    The property sits in the heart of Thornton Park, one of Orlandos most desired locations adjacent to Downtown Orlando. The property in its current state is being used as an event space, retail ice cream & deli, office rental, and Airbnb. Its current use had served the seller well, but now that it is transitioning its time for the right operator to come in and maximize the propertys use.The property consists of four buildings - three office/ retail/Airbnb properties. All the buildings share a common area/courtyard which features a stage for bands/ceremonies and open outdoor event space. The Veranda is strategically one of the best pieces of real estate in terms of its geography. With major thoroughfares being a three min drive from the property it allows the propertys to be easily accessible from all the surrounding areas. Also, its walkability allows it to tap into the immediate Thornton Park area, Eola Heights, Downtown, and Colonial Town South. These two factors (walkability and ease of access) make The Veranda prime for entertainment (bars, restaurants, comedy clubs, etc.) operators. The demographics in the immediate area only further support the suggested use as a food & beverage opportunity.The multiple functions of this investment property/ opportunity are rarely available in historic properties, but this property has the support of the City and Thornton Park, whom our offering incentives for the next owner of this gem. With the community and local municipalities behind the revitalization of this project now is the right time for a seasoned operator to seize this rare opportunity.
    Exterior Features

    Construction Materials Wood Frame Foundation Details Slab Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling A/C - Office Only Stories Total 2

    Property Features

    Additional Parcels Yn Yes Flood Zone Code X New Construction Yn Yes Property Condition Completed Property Sub Type Mixed Use Special Listing Conditions None Tax Annual Amount 7155.93 Tax Year 2020 Total Num Buildings 1 Zoning Pd/T/Hp/Sp


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of 4 ACRE REALTY LLC.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-25T11:40:44.897.
     
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