884 E Michigan Street, Orlando, FL 32806
- $1,615,000
- 3,258
- SqFt
- List Price
- $1,615,000
- Status
- Active
- Days on Market
- 49
- MLS#
- O6415078
- Property Style
- Retail
- Year Built
- 1982
- Living Area
- 3,258
- Lot Size
- 24,572
- Acres
- 0.56
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Weidows Sub
- MLS Area Major
- Orlando/Delaney Park/Crystal Lake
Property Description
*Multiple Income Streams* Prime high-traffic East Michigan Street. The corner lot location is over half-acre. The main building has served as a thrift outlet and can be adapted to numerous retail or service provider configurations and there are 2 standard garages, 3 bathrooms and 4 additional entrances and some commercial parking spaces. Enhance your annual ROI with tens of thousands in *Passive Rental Income* from the 2 single family residences included in the purchase. Or get really creative by tearing down and re-zoning to 2 50-foot by 140-foot home sites, noting that new zoning has been proposed which would allow heights soaring 2 or 3 stories. *More Passive Income* via stacked billboards also included in this offering. Great location with multiple income stream potential - a unique investment opportunity that will likely not last long. Contact us today to schedule your visit.
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Additional Information
- Taxes Annual
- $9566
- Location
- Corner Lot, Sidewalk
- Community Features
- No Deed Restriction
- Zoning
- C-1
- Utilities
- Electricity Available, Water Connected
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 01-23-29-9084-00-010
- Legal Description
- WEIDOWS SUB E/72 LOTS 1 THROUGH 4 (LESS N 25 FT OF LOT 1 FOR R/W)
Listing courtesy of JR REALTY GROUP LLC. 407-920-4624
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