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Stellar MLS

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Pedro Rivera
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$1,680,000

5,000 sqft

Request showing

For sale· 7 days on market

500-508 OAK RIDGE Road, Orlando, FL 32809

MLS# NS1089566·Courtesy of ELITE REAL ESTATE TEAM

$1,680,000

≈ Estimated $11,002/mo estimated

·5,000 sq ft·, 0.37 ac lot

1 / 35of 35 photos
5,000
Sq ft
0.37 ac
Lot size
1974
Year built
$336
Per sq ft
  • Commercial Sale
  • Built 1974

About this home

This property provides several unique business opportunities that won't be found in another building in the area! This 5 unit space is currently occupied by a church in a single unit on a month to month lease, and a restaurant with a bar license in 2 adjoining units leased through August 2028. There are two empty center units with one previously used for a beauty salon. These specialty uses are not easy to get approved, so this location keeps your options open for specialized tenants. This building is perfect for a new owner ready for immediate and ongoing cash flow, and has space to owner/occupy the 2 empty units. If you prefer, the restaurant is ready to expand into the other 2 units so the building is fully occupied. This is a solid long-term tenant with good payment history. This is a single-story, free-standing commercial building of approximately 4,400 square feet. It is zoned C-1 and has 16 parking spaces on the property. The building has been well maintained with the latest remodel completed in 2019. Natural gas is available at the back of the building for a laundromat, beauty salon, or restaurant. It is on county sewer and water with separate water and electric meters for each unit. It's in the South Orlando area of unincorporated Orange County, on the West Oak Ridge Road corridor, a short distance from Oak Ridge High School and close to South Orange Blossom Trail and I-4. No owner financing offered.

Facts & features

Interior

Living area
5,000 sqft

Property

Type
CommercialSale
Year built
1974
Lot size
0.37 acres

Financial

Annual taxes
$6,487.48
Price / sqft
$336

Estimate your monthly payment

$336,000
%
%
yrs

$11,002/ month estimated

  • Principal & interest$8,762
  • Property tax$1,540
  • Insurance$700

Illustrative estimate — not a lending offer.

Investor tools

See flip, rental and BRRR numbers for this home.

Location

Orlando, FL

Ask me about 500-508 OAK RIDGE Road

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Listing data courtesy of ELITE REAL ESTATE TEAM. My request routes to Pedro Rivera in DashBrew CRM.

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Around Orlando

Homes for sale in Orlando

As of Nov 6

Asking prices in Orlando run from $9,900 to $20,000,000. The middle ask is $368,554. This home asks $1,680,000.

Middle ask $368,554
This home $1,680,000
$9,900$20,000,000
Homes for sale
4,497
Middle ask
$368,554
New this week
180

These numbers use homes for sale only.

See the Orlando market report