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$6,250,000

  • Sold
  • Closed
  • Commercial Multi-Family
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19.40 Acres (837,659 sq.ft) of C-3 Heavy Commercial with 530 Ft of Frontage on busy SR50 with great accessibility having a median cut on both the East and West end of the property. This is the Largest C-3 lot available on the market in East Orlando. There are endless development opportunities with this property. Located between UCF the largest University in the state of Florida and NASA's Kennedy Space Center which is booming with growth and could potentially be the new headquarters for NASA. This could be a prime location for a number of National Tenants. With 2,000+ homes approved in the new 'agri-hood' development The Grow located just 1 mile to the west this large commercial property is a great investment as new development continues to head East down SR50. This property permits outdoor storage of boats, RVs and heavy machinery along with self storage, diesel repair shops, warehousing. Additionally, there is currently still an active salvage license that could be conveyed with the sale of this property. Phase 1 and Phase 2 Environmental are available upon request.

Full Property Details for 17421 E Colonial Dr

General

  • Sold For: $6,250,000
  • Taxes: $28,248 (2021)
  • Status: Closed
  • Type: Commercial Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O5996373
  • Added to Site: 1, 581 day(s) ago

Rental Information

  • Complex Features: Bathrooms

Parking

  • Parking Features: 19 to 30 Spaces

Location

  • Area: 32820 - Orlando/Bithlo
  • County: Orange
  • Development Name: 32820 - Orlando/Bithlo
  • Driving Directions: Head East on SR50 for 4.0 Miles from the 408 Interchange and the property will be located on the North Side of the SR50.

Community

  • Community Name: 32820 - Orlando/Bithlo

Heating & Cooling

  • Cooling Type: Other

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Utility Description: Electricity Available

Structural Information

  • # Buildings: 2
  • Exterior Const.: Metal Frame, Wood Frame
  • Roof: Metal, Shingle
  • Ceiling Height: Varied
  • Year Built: 1958

Lot Features

  • Lot Size (Acres): 19.4
  • Lot Size (Sq. Ft.): 845,029
  • Frontage: State Road
  • Street/Road Desc.: Dirt
  • Rcmdd Zoning: C-3
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $28,248.91
  • Tax Year: 2021

Disclosures and Reports

  • Ownership: Corporation
  • Special Conditions: None
  • Legal Description: E1/2 OF NE1/4 OF SW1/4 LYING N OF ST RD 50 (LESS BEG NE COR OF SW1/4 RUN S 714.44 FT W 245.96 FT N 714.59 FT E 244.66 FTTO POB) SEC 21-22-32. AndBEG AT NE COR OF SW1/4 S 714.46 FT W 245.96 FT N 714.59 FT E 244.66 FT TO POB IN SEC 21-22-32.
  • Flood Zone Info: X
  • APN: 21-22-32-0000-00-003
  • Property ID: 21-22-32-0000-00-003

Listed by Carrigan Realty, Inc.
Sold by Carrigan Realty, Inc.

Listing agent

— 17421 E Colonial Dr —

  • Carrigan Realty, Inc.

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NMLS#: 1598647

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Schools serving 17421 E Colonial Dr

School District:Orange County School District
NameGradesDistance
Columbia Elementary School, Orlando, FL
18501 Cypress Lake Glen Boulevard, Orlando, FL 32820
PK-51.2 mi
Corner Lake Middle School
1700 Chuluota Road, Orlando, FL 32820
6-80.6 mi
East River High School
650 East River Falcons Way, Orlando, FL 32833
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 17421 E Colonial Dr

Date
Details
Price
Change
Source
10/12/2023
Sold
$6,250,000
-16.11%
MLS
4/19/2023
Price Reduced
$7,450,000
-11.83%
MLS
1/14/2022
Listed
$8,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Carrigan Realty, Inc.
Sold by Carrigan Realty, Inc.

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17421 E Colonial Drive, Orlando, FL 32820 (MLS# O5996373) is a Commercial Multi-Family property that was sold at $6,250,000 on October 12, 2023. Want to learn more about 17421 E Colonial Drive? Do you have questions about finding other Commercial Multi-Family real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.