FL > Orlando > Edgewater Terrace
Orlando, FL 32801,707 E WASHINGTON ST
Orlando, FL 32801,707 E WASHINGTON ST
Orlando, FL 32801,707 E WASHINGTON ST
Orlando, FL 32801,707 E WASHINGTON ST
Orlando, FL 32801,707 E WASHINGTON ST
Orlando, FL 32801,707 E WASHINGTON ST
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$2,750,000

$3,100,000

11.3%
Est.Price: ?

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Est. payment /mo

2,223 SqFt

SOLD DATE : 02/22/2022

Key Details

Sold Price $2,750,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,223 sqft

Price per Sqft $1,237

Subdivision Edgewater Terrace

MLS Listing ID O5971878

Sold Date 02/22/22

Construction Status Other Contract Contingencies

HOA Y/N No

Year Built 1946

Annual Tax Amount $6,530

Lot Size 6,098 Sqft

Acres 0.14

Property Description

The property sits in the heart of Thornton Park, one of Orlando's 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 it's time for the right operator to come in and maximize the property's use.

The property consists of four building's - 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 property's 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.

Location

State FL

County Orange

Community Edgewater Terrace

Zoning AC-N/T/HP/

Interior

Cooling Office Only

Building

Story 2

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Wood Frame

New Construction true

Construction Status Other Contract Contingencies

Others

Ownership Sole Proprietor

Special Listing Condition None

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