1500 W Princeton St Orlando, FL 32804

Prime Commercial Property for Sale - Corner of Rio Grande & Princeton, Orange CountyUnlock the potential of this fully renovated, small commercial property, ideally zoned for store, office, or residential use, situated on the coveted corner of Rio Grande and Princeton in Orange County, Florida. Nestled between the vibrant College Park neighborhood and the transformative $480-700 million Dr. Phillips Packing District redevelopment, this property boasts an unbeatable location for businesses seeking high visibility and growth potential. Recently upgraded from top to bottom, the property features a new roof, modern flooring, updated siding, fresh paint, AC upgrades, ensuring a move-in-ready space for your business or tenants. Strategically positioned just steps from the Packing District, a 202-acre mixed-use project (2018-2033+), this property is poised to capitalize on the area's economic surge. The Packing District's key developments-310 luxury Cannery apartments, 135 upscale Brix townhomes, a 22,400-square-foot food hall, a new Publix, a microbrewery, and a multi-story office building (broke ground June 2025)-will drive significant foot traffic and attract high-income residents. Additionally, a 104-acre regional park with tennis courts, trails, and a pavilion, alongside a 24,500-square-foot YMCA, positions the area as a wellness and community hub, enhancing demand for nearby retail and office spaces.College Park, just east of the property, adds to its appeal with its walkable, small-town charm and affluent demographic (median household income: $113,466). Edgewater Drive, the neighborhood's bustling commercial spine, is lined with boutique shops, cafes, and restaurants, drawing professionals and families. With a population of approximately 13,861-21,076 and a crime rate significantly lower than Orlando's average, College Park offers a safe, community-oriented environment. Its proximity to downtown Orlando (5 minutes), I-4, and attractions like Universal Studios (10 miles) further boosts its desirability for businesses catering to lifestyle-oriented tenants, such as cafes, fitness studios, or professional offices.The property's high-traffic corner location ensures excellent exposure for advertising, ideal for signage and brand visibility. Infrastructure upgrades from the Packing District, including a traffic-calming roundabout, bike lanes, and a narrowed Princeton Street, enhance pedestrian and vehicular access, seamlessly connecting the property to College Park's vibrant core. While some College Park residents have raised traffic concerns, mitigation measures are in place, minimizing risks. The project's sustainability focus and adaptive reuse of historic structures align with market trends, promising long-term property value appreciation.This is a rare opportunity to invest in a turnkey commercial property in a thriving, rapidly evolving area. Whether you're launching a boutique retail shop, professional office, or residential rental, this location offers unmatched potential for growth and returns. Monitor Packing District milestones to optimize your investment timing in this dynamic Orlando hotspot.