705 E MICHIGAN ST, Orlando, FL 32806
705 E MICHIGAN ST, Orlando, FL 32806
705 E MICHIGAN ST, Orlando, FL 32806
18
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$579,000
Est. payment /mo
758 SqFt
Active

705 E MICHIGAN ST Orlando, FL 32806

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 758 sqft

Price per Sqft $763

Subdivision Acreage

MLS Listing ID O6390393

Construction Status Completed

HOA Y/N No

Year Built 1940

Annual Tax Amount $3,485

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Office

Source Stellar MLS

Property Description

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 approaching 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.

Location

State FL

County Orange

Community Acreage

Area 32806 - Orlando/Delaney Park/Crystal Lake

Zoning C-1

Interior

Heating Central, Electric

Cooling Central Air, Zoned

Flooring Luxury Vinyl

Appliance Microwave, Refrigerator

Exterior

Parking Features Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s)

Utilities Available Public, Water Connected

Roof Type Metal,Shingle

Building

Lot Description Corner Lot

Story 1

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Septic Tank

Water Public

Structure Type Frame

New Construction false

Construction Status Completed

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6390393


Stellar MLS
Listed by Matt Merdian MERDIAN REALTY LLC

Nearby Locations

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Michael Crawford

Michael Crawford

Broker Associate | BK3074190

+1(407) 828-9029

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705 E MICHIGAN ST