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$599,500

705 E Michigan Street Orlando, FL 32806 Commercial - Office Active

  • 705 E Michigan Street , Orlando, FL 32806 Main Photo

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Description

Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue - one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals - including licensed estheticians - creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate approaching 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.

Property Highlights

Property Type: Commercial - Office
Cooling: Central Air, Zoned
Heating: Central, Electric
Lot Size: 0.11 Acres
Roof Type: Metal, Shingle
Stories: 1.0
Taxes: $3,485
Year Built: 1940

General Information

County: Orange
Subdivision: ACREAGE
Listed By:
Matt Merdian MERDIAN REALTY LLC 407-230-8093

Property Features

Appliances: Microwave, Refrigerator
Building: Bathrooms, Kitchen Facility, Seating, Waiting Room
Days on Site: 2
Directions: From Orange and Michigan head East on Michigan, property is on the left at the intersection of Michigan and Lake Wade Ct - 705 E Michigan St
Energy Efficient: Water Heater
Exterior: Frame
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Corner Lot
Lot Dimensions: 0.11
Number of Offices: 4
Number of Restrooms: 1
Other Structures: Garage(s)
Ownership: Corporation
Parking: Parking Spaces - 1 to 5,Electric Vehicle Charging Station(s)
Parking Notes: Parking Spaces - 1 to 5,Electric Vehicle Charging
Property Attached Y/N: No
Property Sub-Type: Office
Sale Includes: Building(s) and Land, Leases
Sewer: Septic Tank
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Utilities: Public, Water Connected
Water: Public
Water Access Y/N: No
Windows: Insulated Windows
Zoning: C-1
$599,500
New to the Market Active
SQUARE FEET1,420 MLS#O6390393
STATUSActive PROPERTY TYPECommercial - Office SUBDIVISIONACREAGE

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705 E Michigan Street , Orlando, FL 32806.

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