705 E Michigan Street, Orlando, FL 32806
- $549,000
- 758
- SqFt
- List Price
- $549,000
- Status
- Active
- Days on Market
- 137
- Price Change
- ▼ $10,500 1782754229
- MLS#
- O6390393
- Property Style
- Office
- Year Built
- 1940
- Living Area
- 758
- Lot Size
- 4,668
- Acres
- 0.11
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Acreage
- MLS Area Major
- Orlando/Delaney Park/Crystal Lake
Property Description
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 over 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.
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Additional Information
- Taxes Annual
- $3485
- Location
- Corner Lot
- Community Features
- No Deed Restriction
- Zoning
- C-1
- Floor
- Luxury Vinyl
- Appliances
- Microwave, Refrigerator
- Utilities
- Public, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Zoned
- Exterior Construction
- Frame
- Roof
- Metal, Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Features
- Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s)
- Flood Zone Code
- X
- Parcel ID
- 01-23-29-0000-00-031
- Legal Description
- E 50 FT OF W 150 FT OF S 150 FT OF NW1/4OF SE1/4 (LESS ST RD R/W) OF SEC 01-23-29
Listing courtesy of MERDIAN REALTY LLC. 407-230-8093
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