New Construction
Address
111 N SUMMERLIN AVENUE Orlando, FL
Price
$ 3,100,000
Property Attributes
  • MLS#O5971889
  • TypePending
  • CountyORANGE
  • CityOrlando
  • AreaOrlando
  • NeighborhoodEDGEWATER TERRACE
  • Zip32801
  • StyleMixed Use
  • Year Built1915
  • Taxes$ 7155
  • Price$ 3,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2849
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
4 ACRE REALTY LLC
Data Source:
Stellar MLS
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.

Price History
9/8/2021 Listed $3,100,000

General Features

Additional Parcels Description 25-22-29-2426-01-020, 25-22-29-2426-01-041, 25-22-29-2426-01-090
Additional Parcels Y/N Yes
Building Area Units Square Feet
City ORLANDO
Construction Materials Wood Frame
Cooling Office Only
County Orange
Days on Market 55
Directions Head onto N Summerlin Ave and the property will be on the corner of E Washington St & N Summerlin Ave.
Lot Size Square Feet 5711
MLS Area 32801 - Orlando
New Construction Yes
Ownership Sole Proprietor
Property SubType Mixed Use
Property Type Commercial Sale
PropertyCondition Completed
Standard Status Pending
Status Pending
Street Name SUMMERLIN
Subdivision Name EDGEWATER TERRACE
Tax Annual Amount 7155.93
Tax Lot 3
Tax Year 2020
Total Number of Buildings 1
Township 22
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O5971889
Water Access YN No
Year Built 1915
Zoning PD/T/HP/SP

Interior Features

Flood Zone Code Zone X
Living Area 2849
Living Area Units Square Feet
Street Suffix AVENUE
Total Stories 2

Exterior Features

Building Area Total 2849
Foundation Details Slab
Lot Size Acres 0.13
Number of Lots 4
Road Frontage Type Business District, City Street
Road Surface Type Paved
Water Extras YN No
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 32801

Price
AVG $510K
$3.1M
Taxes
AVG $5,784
$7,155
Visits
AVG 129
58
Year Built
AVG 1979
1915
Walkscore
AVG 82
88
Data Provided by Walkscore ® not using MLS data

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