112 Hill Avenue, Orlando, FL 32801

$2,750,000
1,115
SqFt
Sold Price
$2,750,000
List Price
$3,100,000
Status
Sold
Days on Market
163
Closing Date
Feb 22, 2022
MLS#
O5971871
Property Style
Mixed Use
Year Built
1915
Living Area
1,115
Lot Size
5,688
Acres
0.13
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Edgewater Terrace
MLS Area Major
Orlando

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.

Additional Information

Taxes Annual
$3685
Community Features
No Deed Restriction
Zoning
PD/T/HP/SP
Air Conditioning
Office Only
Exterior Construction
Wood Frame
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
25-22-29-2426-01-090
Legal Description
EDGEWATER TERRACE F/5 LOT 9 BLK A

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Listing courtesy of 4 ACRE REALTY LLC. Selling Office: STELLAR NON-MEMBER OFFICE.

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