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Oaks Shopping Center 3800-3822 Edgewater Dr

11,115 SF 100% Leased Retail Building Orlando, FL 32804 £2,472,731 (£222/SF)

Investment Highlights

  • Value Add Opportunity
  • City Water and Sewer
  • Frontage on Edgewater Dr.
  • 43 Parking Spaces

Executive Summary

The Oaks shopping center located in the Business District of College Park, offers a mix of retail and office space. With multiple long-term tenants, this well-maintained building provides a stable income stream with substantial value add opportunity. Through value add initiatives , the projected cap rate in 1-2 years is 7%. This building offers 8 units with 5 current tenants fully occupying the leasable space. 3,211 Sq Ft of Restaurant space will be available to lease at market rate as of 1/1/2025. Tenants are responsible for interior buildouts, offering flexibility for customization. The property enjoys a prime location, situated directly across from Bishop Moore High School and near Edgewater High School. Frontage on Edgewater Dr and entrances on Arthur Ave and Webster St provide convenient access. Zoned MU-1/W/RP/SP/AR, the property allows for various commercial uses. Built in 1985 and updated since, this property features 9,867 square feet of leasable area and an additional 1,248 square feet of canopy area, totaling 11,115 square feet

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,115 SF
Building Class
B
Year Built
1985
Price
£2,472,731
Price Per SF
£222
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.28
Land Acres
0.91 AC
Zoning
C-1 - commercial
Parking
43 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
199 ft on Edgewater Dr

Amenities

  • Bus Route
  • Corner Lot
  • Restaurant
  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Luxury Tux
  • Retailer
  • 99,999 SF
  • -
  • Jan 0000
  • Finance and Insurance
  • 99,999 SF
  • -
  • Jan 0000

Since they first opened their doors, they've been committed to helping their customers find their success. That remains true today, as they serve more communities than ever before. In fact, they're one of the leading regional banks in the Southeast. Whatever one needs to be successful, their experienced bankers can offer the right solutions so one can bank the way they want. This is banking at its best. This is Banking Forward.

  • Finance and Insurance
  • 99,999 SF
  • -
  • Jan 0000

The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm's vision for the future is to be the customer's first and best choice in the products and services they provide. State Farm' will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. State Farm's customers' needs will determine their path. State Farm's values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. State Farm's success is built on a foundation of shared values, quality service and relationships, integrity and financial strength.

  • Tornatore's Italian Market & Restaraunt
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Jan 0000
  • Village Dry Cleaners
  • Service type
  • 99,999 SF
  • -
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease End
Luxury Tux Retailer 99,999 SF - Jan 0000
Finance and Insurance 99,999 SF - Jan 0000
Finance and Insurance 99,999 SF - Jan 0000
Tornatore's Italian Market & Restaraunt Accommodation and Food Services 99,999 SF - Jan 0000
Village Dry Cleaners Service type 99,999 SF - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-2210-8828-04-100
Land Assessment
£677,763
Improvements Assessment
£450,132
Total Assessment
£1,127,895
  • Listing ID: 33687917

  • Date on Market: 30/10/2024

  • Last Updated:

  • Address: 3800-3822 Edgewater Dr, Orlando, FL 32804

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