4888 W Colonial Dr, Orlando, FL, 32808

4888 W Colonial Dr Orlando, FL 32808

4888 W Colonial Dr, Orlando, FL, 32808
4888 W Colonial Dr, Orlando, FL, 32808
FOR SALE
Property Type:
Big Box Retail
Amount:
$1,000,000
Last Verified:
Apr 11, 2019

Highlights

  • Approximately 150 Linear Feet of Frontage on Colonial Drive (SR 50)
  • Property Benefits from 45,000 Vehicles Daily
  • Only 4 Miles from Downtown Orlando

Description

Two buildings totaling 4040 Square Feet located on .69 Acres on West Colonial Drive.

Subject property is a currently operational Empire Used Tire building that is located on West Colonial Drive, just 4 miles from Downtown Orlando. The property consists of two buildings totaling 4040 square feet. The buildings were constructed in 1964 and 1987 and are situated on 0.69 acres. Subject property has approximately 150 linear feet of State Road 50 (Colonial Drive) frontage and benefits from approximately 45,000 vehicles daily.

Downtown Orlando is the historic core and central business district of Orlando and it is just 7 miles from subject property. Downtown Orlando is the heart of Central Florida's diverse emerging economy. It is the hub for finance, government, and commerce.

Downtown Orlando is the ideal location for corporate and division headquarters. More than 74,000 professionals boost Downtown Orlando on a daily basis. Downtown Orlando also boasts 11 million square feet of office space in the urban core. It is the dominant Class A office supply in the Central Florida region. The cluster of professional services, large labor force, and proximity to government services are key contributors to the presence of major corporations in the community.

Major City of Orlando employers include:
Bank of America Corporation, Bright House Networks, CNL Financial Group, Coca-Cola Bottling Company, Darden Restaurants Inc., Florida Hospital, Frito-Lay, HD Supply Inc., Jet Blue, Mears Transportation Group, Orlando Health, Orlando Sentinel Communications, SunTrust Banks, Inc., Tupperware Corporation, Universal Orlando Resort and Wells Fargo.

Building Size: 4040.0sq ft
Lot Size: 0.69 acres

Map of 4888 W Colonial Dr, Orlando, FL, 32808

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.