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$549,000

0 Beds 0 Baths 758 SQFT 0.11 Acres
Type: Commercial

705 E MICHIGAN STREET
ORLANDO, FL 32806

MLS#: O6390393
Mikayla Rendall
Mikayla Rendall
The Real Estate Advantage
Realtor
Phone: 952.843.3732
Office: 952.226.7700
Presented by: MERDIAN REALTY LLC with 407-230-8093. - 407-230-8093

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.


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
FlooringLuxury Vinyl
Heating Y/NYes
Total Stories1
Window FeaturesInsulated Windows

General

Additional Parcels Y/NNo
AppliancesMicrowave, Refrigerator
Building Area Units0 sqft
Building FeaturesBathrooms, Kitchen Facility, Seating, Waiting Room
CityORLANDO
Construction MaterialsWood Frame
CoolingCentral Air, Zoned
CountyOrange
DirectionsFrom Orange and Michigan head East on Michigan, property is on the left at the intersection of Michigan and Lake Wade Ct - 705 E Michigan St
DockY/NNo
Energy EfficientWater Heater
Facing DirectionSouth
Flood Zone CodeX
Flood Zone Code XY
HeatingCentral, Electric
Legal DescriptionE 50 FT OF W 150 FT OF S 150 FT OF NW1/4OF SE1/4 (LESS ST RD R/W) OF SEC 01-23-29
Listing TermsCash
Living Area Units0 sqft
Lot Size Square Feet4,668 sqft
Lot Size UnitsSquare Feet
MLS Area32806 - Orlando/Delaney Park/Crystal Lake
New ConstructionNo
Occupancy TypeTenant
Other StructuresGarage(s)
OwnershipCorporation
PossessionClose Of Escrow
Property ConditionCompleted
Property SubtypeOffice
Property TypeCommercial Sale
RoofMetal, Shingle
SewerSeptic Tank
Standard StatusActive Under Contract
StatusPending
Subdivision NameACREAGE
Tax Annual Amount$3,485
Tax Lot31
Tax Year2025
UtilitiesPublic, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1940
ZoningC-1

Exterior

Building Area Total1,420 sqft
Foundation DetailsCrawlspace
Lot FeaturesCorner Lot
Lot Size Acres0.11
Lot Size Area4,668 sqft
Number of Buildings2
Number of Lots1
Number of Separate Electric Meters1
Number of Separate Water Meters1
Parking Features1 to 5 Spaces, Electric Vehicle Charging Station(s)
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$549,000

0 Beds 0 Baths 758 SQFT 0.11 Acres
Type: Commercial

705 E MICHIGAN STREET
ORLANDO, FL 32806

MLS#: O6390393
Mikayla Rendall
Mikayla Rendall
The Real Estate Advantage
Realtor
Phone: 952.843.3732
Office: 952.226.7700