For more information on this property, contact EVERMORE REALTY at 800-906-6505 or NICOLLE@EVERMOREREALTY.COM

111 N Summerlin Avenue
Orlando, Florida FL 32801-2032
Sold For: $2,750,000
Listing ID O5971889
Status Closed
Sold Date 2/17/2022
SqFt 2,849
Acres 0.130
Subdivision Edgewater Terrace
Year Built 1915

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.

Primary Features

County: Orange
Property Sub Type: Mixed Use
Property Type: Commercial Sale
Subdivision: Edgewater Terrace
Year Built: 1915
Zoning: PD/T/HP/SP

Interior

Building Area Units: Square Feet
Cooling Type: Office Only
Living Area Meters: 264.68
Stories Total: 2

External

Construction Materials: Wood Frame
Foundation Details: Slab
Lot Size SqFt: 5711
Lot Size Square Meters: 531
Property Condition: Completed
Road Frontage Type: Business District, City Street
Road Surface Type: Paved
Total Acreage: 1/2 to less than 1
Total Number of Buildings: 1
Water Access: no
Water Extras: no
Water View: no
Waterfront: no

Location

Building Area Source: Public Records
Building Area Total: 2849
Country: US
Flood Zone Code: X
MLS Area Major: 32801 - Orlando
Number Of Lots: 4
Township: 22

Financial

Current Price: 2750000.00
Special Listing Conditions: None
Tax Annual Amount: 7155.93
Tax Block: A
Tax Book Number: F-5
Tax Lot: 3
Tax Year: 2020

Zoning Info


Listing information courtesy of 4 Acre Realty Llc.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. 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 consumer 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated on Sunday, October 2nd, 2022 at 08:30:16 AM.

Contact - Listing ID O5971889

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EVERMORE REALTY

33 E ROBINSON ST. STE 221
ORLANDO, FL 32801
Phone: 800-906-6505

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