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.
Listed By
Agency Name: MERDIAN REALTY LLC
Agency Contact: 407-230-8093
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
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705 E Michigan Street , Orlando, FL 32806.
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705 E Michigan Street , Orlando, FL 32806.
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705 E Michigan Street | MLS# O6390393
This commercial property located at 705 E Michigan Street , Orlando, FL 32806 is currently listed for sale with an asking price of $599,500. Search Orlando real estate on www.watsonrealtycorp.com today.