500-508 W OAK RIDGE RD, Orlando, FL 32809
500-508 W OAK RIDGE RD, Orlando, FL 32809
500-508 W OAK RIDGE RD, Orlando, FL 32809
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Jocelyn Ramirez

Jocelyn Ramirez

$1,680,000
Est. payment /mo
5,000 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $336

MLS Listing ID NS1089566

HOA Y/N No

Year Built 1974

Annual Tax Amount $6,487

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Retail

Source Stellar MLS

New Construction false

Property Description

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.

Location

State FL

County Orange

Area 32809 - Orlando/Pinecastle/Oakridge/ Edgewood

Zoning C-1

Interior

Cooling Central Air

Exterior

Parking Features Common, Shared Parking

View Y/N No

Water Access No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Structure Type Stucco

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/NS1089566

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Stellar MLS
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Jocelyn Ramirez

Jocelyn Ramirez

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