705 E Michigan Street, Orlando, FL 32806
- $549,000
- 758
- SqFt
- List Price
- $549,000
- Status
- PENDING
- MLS#
- O6390393
- Price Change
- ▼ $10,500 1782754229
- Living Area
- 758
- Subdivision
- Acreage
Property Description
Under contract-accepting backup offers. 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.
Additional Information
- Year Built
- 1940
- Construction
- Frame
- Living Area
- 758
- Acres
- 0.11
- Cooling
- Central Air, Zoned
- Heating
- Central, Electric
- Parking
- Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s)
- Sewer
- Septic Tank
- Stories
- 1
Listing courtesy of MERDIAN REALTY LLC.
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