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121-189 S Orange Ave
Orlando, FL 32801 Arts District

$1,550,000 USD

Office Residential Condo For Sale  •  6,401 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 500,000 SF
  • Lot Size 1.65 AC
  • Building Class A
  • Year Built 2006
  • Cap Rate 5.96 %
  • Tenancy Multiple
  • Zoning AC-3A/T/HP
69 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
14th Floor - Unit 1450/1470N Office 6,401 SF $1,550,000 USD
  • Unit Size: 6,401 SF
  • Condo Use: Office
  • Price: $1,550,000 USD
  • Sale Type: Investment
  • Price/SF: $242.15 USD
Description
Two Units for sale in The Plaza Downtown's North Tower. Occupy one and collect rent on the other, great for future expansion. 
• 4,538 SSF + 1,863 SSF = Total 6,401 SSF
Unit 1450-1470
• Open Concept Workspace
• Large Balcony overlooking
Orange Ave
• Corner Unit
• Large Conference Room
• Small conference room
• Private office
• Kitchen/ break room
Unit 1450
• 1,683 Sq. Ft.
• Double door entry directly off elevator
• New Paint and wood laminate flooring
• Views of Downtown and Lake Eola
• Floor to ceiling glass
• High end finishes throughout
• Private offices, Reception, break and
conference rooms

Sale Notes
LCRE Group at Remax Direct presents a prime investment in downtown Orlando’s Plaza Building – North Tower. This sale includes two income-producing office units totaling 6,401 sq. ft. Unit 1450N (4,538 sq. ft.) is a corner space with a balcony overlooking Orange Ave, featuring an open layout, conference rooms, private offices, a kitchen, and a breakroom, leased until March 31, 2027. Unit 1470N (1,683 sq. ft.) has a double-door entry, new paint, wood laminate floors, private offices, a reception area, a breakroom, and conference rooms with floor-to-ceiling windows showcasing downtown Orlando and Lake Eola, leased until October 31, 2026. This is a fantastic opportunity to acquire an income-generating asset in a prime location. CAP RATE at 5.7% NOI: $88,312.00

Description 

LCRE Group at Remax Direct presents a prime investment in downtown Orlando’s Plaza Building – North Tower. This sale includes two income-producing office units totaling 6,401 sq. ft. Unit 1450N (4,538 sq. ft.) is a corner space with a balcony overlooking Orange Ave, featuring an open layout, conference rooms, private offices, a kitchen, and a breakroom, leased until March 31, 2027. Unit 1470N (1,683 sq. ft.) has a double-door entry, new paint, wood laminate floors, private offices, a reception area, a breakroom, and conference rooms with floor-to-ceiling windows showcasing downtown Orlando and Lake Eola, leased until October 31, 2026. This is a fantastic opportunity to acquire an income-generating asset in a prime location. CAP RATE at 5.7% NOI: $88,312.00

Highlights

CLASS A OFFICE SPACE
6,401 SQFT divided into two units 1450-1470

Property Flyers

Financial Summary

Cap Rate: 5.96 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Aimark 9/29/2023
Baker Barrios Architects
CMX Cinemas 12/31/2025
Dietel Investments LLC
FBC Mortgage, LLC
Goliath Ventures, Inc.
Iron Galaxy
NeJame Law
Noble International, LLC
Your Office USA

Amenities

  • Banking
  • Bus Line
  • Commuter Rail
  • Courtyard
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Church Street (SunRail - Florida Department of Transportation) 1 min 5 min 0.3 mi
Lynx Central (SunRail - Florida Department of Transportation) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Orlando International 20 min - 12.1 mi
Orlando Sanford International 36 min - 27.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: No
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Carlos Caicedo Carlos A Caicedo PA