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site updated: 10/27/2008

1600 SF of Corner Retail Space For Lease Mills Avenue

Summary High-traffic retail space on busy Mills Avenue just a few blocks north of Highway 50. Ideal site for restaurant, cafe, retail or office in the heart of Orlando with easy access to Downtown Orlando, Florida Hospital and all major roadways. Lighted marquee signage on Highway 17-92.
Lease Terms
  • $13 / square foot, triple net
    • Note: triple net means that tenant is responsible for the payment of  property insurance, real estate taxes, and maintenance
    • With current taxes, insurance and maintenance, gross monthly rent is approximately $2,000 plus 6.5% sales tax or $2,130/month
  • 3 to 10-year term lease with first right of refusal to purchase
  • Tenant improvement allowance and security deposit based on term, business financials, and owner / principal personal credit.
  • This is a currently a class C building. The owner is planning a conversion to Class B+ or A- space with complete glass enclosure, air conditioning, and exterior improvements. This quoted rented amount is the building as is. Modifications to Class B+/A- exterior and interior finishes would increase the rate to $20-25 / sq ft, triple net.
  • Tenant receives first right of refusal to purchase if building becomes offered for sale
  • Apply for lease online
Location
  • 1030 N. Mills Avenue, Orlando FL 32803 (US Highway 17-92)
  • Just 5 north of the Highway 50 - Colonial Drive intersection
  • Convenient to all major Orange County highways, Interstate 4, and Toll Road 408
  • Locator Map
Square Footage / Building Layout
  • 1600 SF of total floor space - 200 sf office, 75 sf restroom, 1300 sf of retail display
  • 51 feet of Mills Avenue frontage
  • 115 feet of Canton Avenue frontage / 51 feet of rear alley frontage
  • Legal Description: LAKE HIGHLAND HEIGHTS Q/131 LOTS 5 & 6 BLK D (LESS E 10 FT FOR R/W)
  • Orange County parcel id: 24-22-29-4468-04-050
  • Carry out window installed
  • Paved parking for 10 cars
  • View building layouts
  • Previously used as a laundromat
  • Impact fee credit of $55,000 available for many uses, including restaurant, bar, cafe, etc.
Zoning
  • City of Orlando, Mixed Use - 1, Traditional City, MU1-T
  • Permissible uses include: child care, adult day care, civic clubs, drive-in facilities, community development, eating and drinking establishments, hospitals, clinics, hotels, motels, labs - medical or dental, retail - light or intensive, business - entertainment - personal services, automobile services, assisted living, emergency shelters, treatment recovery
Survey
Directions
  • Using Interstate 4, use Hwy 50 exit in Downtown Orlando; travel east on Hwy 50 - Colonial Drive 1 mile to Mills Avenue. Turn left. Property is located 1/4 mile ahead on your left..
  • Using Toll Road 408; use Mills Avenue exit, travel north on Mills Avenue 2 miles. Property is located 5 blocks north of Colonial Drive on your left
  • Locator Map
Environmental
  • Phase I Report completed with no environmental issues
Commission
  • Licensed Real Estate agents will receive a 3% commission based on the purchase price or 5% commission based on lease amount paid annually
Contact Robert Cascio, Licensed Real Estate Broker
robert@floridalandgroup.com
407.538.1000 mobile
407.650.2817 fax

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Mailing Address: 400 Hillcrest Street | Orlando, Florida, 32803, USA
Phone 407.538.1000 | Fax 407.650.2817 | info@floridalandgroup.com

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