5700 E Colonial Drive, Orlando, FL 32807

$4,999,999
49,981
SqFt
List Price
$4,999,999
Status
Active
Days on Market
1013
Price Change
▼ $1,000,000 1487820247
MLS#
O5347029
Year Built
1975
Living Area
49,981
Lot Size
337,590
Acres
7.75
Total Acreage
5 to less than 10
Development Name
Sr 436/Sr 50 Overlay District
MLS Area Major
Orlando/Azalea Park/Park Manor

Property Description

This 7.75 acre property is anchored by the intersection of two major commercial arterials:State Road 436(Semoran Blvd.) and State Road 50 (Colonial Drive). This location is a gateway to key governmental, financial, and commercial institutions. SR 50 runs thru Downtown Orlando which is the central business district of the area. This arterial also serves as a regional connector of community & commercial concentrations. SR 436 is the main arterial roadway connecting to the Orlando International Airport and surrounding communities. The intersection of these two arterials, which is where this property is sited, provides a connection between residential, commercial and governmental entities that is recognized by the City of Orlando and Orange County as the SR 436/SR 50 Corridor Overlay District. The property is approved for 90,000 SF of retail space and zoned C-2. Currently there is an existing 50,000+- SF building. A perfect location for a CVS, Walgreens, grocery store, Costco, hhgregg, or other retail user. This property is part of redevelopment plan intended to create a more cohesive land use pattern and to improve the multimodal transportation system. This area is a major commercial focus for Orange County and the City of Orlando.

Additional Information

Taxes
$53,909
Location
Central Business Distric, Corner Lot
Zoning
C-2
Utilities
City Water, Electric, Public Sewer, Public Utilities, Telephone
Heating
Central
Air Conditioning
Central
Exterior Construction
Block
Roof
Built Up - T&G
Pets
Allowed

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of The Williams Real Estate Co.

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