705 E MICHIGAN ST, ORLANDO, FL, 32806
$579,000
Commercial Sale
Living Area
758 Sqft
Lot Size
4,668 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRO6390393 Year Built: 1940
Appliances: Microwave, Refrigerator Building Features: Bathrooms, Kitchen Facility, Seating, Waiting Room
Construction Materials: Frame Cooling: Central Air, Zoned
Country: US County Or Parish: Orange
Direction Faces: South Flooring: Luxury Vinyl
Foundation Details: Crawlspace Green Energy Efficient: Water Heater
Heating: Central, Electric Listing Agreement: Exclusive Agency
Listing Terms: Cash, Conventional Lot Features: Corner Lot
Occupant Type: Tenant Other Structures: Garage(s)
Parking Features: Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s) Possession: Close Of Escrow
Property Condition: Completed Property Sub Type: Office
Property Type: Commercial Sale Road Frontage Type: City Street
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt
Roof: Metal, Shingle Sewer: Septic Tank
Showing Requirements: Appointment Only, Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Public, Water Connected Water Source: Public
Window Features: Insulated Windows
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