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Sold

115 N SUMMERLIN AVE

ORLANDO FL, 32801

$2,750,000


$844.59 per sqft

Sold

3,256 sqft

Commercial

Built in 1915

The property sits in the heart of Thornton Park, one of Orlando's most desired locations adjacent to Downtown Orlando. The property in its current state is being used as an event space, retail ice cream & deli, office rental, and Airbnb. Its current use had served the seller well, but now that it is transitioning it's time for the right operator to come in and maximize the property's use.

The property consists of four building's - three office/ retail/Airbnb properties. All the buildings share a common area/courtyard which features a stage for bands/ceremonies and open outdoor event space. The Veranda is strategically one of the best pieces of real estate in terms of its geography. With major thoroughfares being a three min drive from the property it allows the property's to be easily accessible from all the surrounding areas. Also, its walkability allows it to tap into the immediate Thornton Park area, Eola Heights, Downtown, and Colonial Town South. These two factors (walkability and ease of access) make The Veranda prime for entertainment (bars, restaurants, comedy clubs, etc.) operators. The demographics in the immediate area only further support the suggested use as a food & beverage opportunity.

The multiple functions of this investment property/ opportunity are rarely available in historic properties, but this property has the support of the City and Thornton Park, whom our offering incentives for the next owner of this gem. With the community and local municipalities behind the revitalization of this project now is the right time for a seasoned operator to seize this rare opportunity.

O5971886

MLS ID

September 8, 2021

Listed

May 25, 2024

Updated

Map

115 N SUMMERLIN AVE
ORLANDO FL, 32801

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Office Only


Heating

No

Exterior/Building Features

Lot Size

0.13 Acres

Other Property Details

Area Name

32801 - Orlando


Taxes

$7,503


Tax Frequency

Annually


Days on Market

55


Garage

No


View

No


County

Orange


Municipality

22


Pool

No


Zoning

PD/T/HP/SP

Listed by 4 ACRE REALTY LLC
Listing Contact: 407-963-7850 

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Data last updated 5/25/2024, 12:56 AM UTC

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