IMAGE VIA LOOPNET.COM
With Sam Flax Orlando (Website) preparing to move out of its longtime home on East Colonial Drive, the property is now on the market. The building at 1800 E. Colonial Drive [GMap], recognizable for its Mondrian-inspired murals along the side, is listed at $5,300,000 through Bishop Wood Partners.
The offering includes two parcels totaling about 33,739 SF of land. The main building on Colonial Drive is a 16,964 SF concrete block structure built in 1959, sitting on 25,602 SF of property. The second parcel at 1800 Hillcrest Street [GMap], just behind it, is an 8,137 SF lot that currently serves as overflow parking. The Colonial Drive parcel is zoned MU-2, which allows for mixed-use development, and the Hillcrest parcel is zoned O-1, which usually translates to medical or legal offices.
The listing markets it as a redevelopment, investment, or owner-user opportunity along one of Orlando’s primary east-west corridors, with strong frontage and visibility on SR-50. The surrounding area includes Publix, Starbucks, Barnes and Noble, and The Plaza Live, and a planned five-story, and more.
The property sits at the edge of Colonialtown North, one of the stronger residential markets in inner Orlando, with a median household income of $101,401 and a median home value of $450,000.
The listing is exclusively handled by Billy Bishop, Kyle Wood, and Colton Bishop at Bishop Wood Partners. Click HERE for more information.
Sam Flax has not shared publicly where they will be relocating to.
