12049 Colonial Dr
Orlando, FL 32826 University

Build-to-Suit / Ground Lease Opportunity | ±2,500 SF Proposed on ±0.60 Acres

Alpha Alternatives is pleased to present a build-to-suit or ground lease opportunity at 12049 E Colonial Drive in Orlando, Florida. The property consists of an approximately 0.60-acre parcel with conceptual plans for a proposed 2,500-square-foot freestanding building. The site is currently undergoing engineering evaluation and site plan review, with ownership open to either delivering vertical improvements for a qualified user or structuring a ground lease based on tenant preference. The conceptual site plan reflects a proposed 2,500 SF retail development on the parcel. 

This opportunity is best suited for medical, quick-service restaurant, or automotive users seeking strong frontage and access along one of East Orlando’s primary commercial corridors. The property offers outstanding visibility on East Colonial Drive (State Road 50), with traffic counts of approximately 55,000 vehicles per day, and is located less than 10 minutes from the University of Central Florida. The site also sits at the entrance to The Retreat East, a newly developed 602-bed Class A student housing community, further supporting daily traffic and surrounding consumer activity.

Please note that the existing parking field is subject to a non-exclusive easement shared with Chili’s, and therefore the entire parcel may not be redeveloped. The only developable portion of the site is the vacant pad located immediately west of the existing parking lot, between Steak ’n Shake and the shared parking area. The conceptual site plan and survey materials also reference cross-access and drainage easements affecting the broader site. 

For more information, please contact the deal lead: Andrew Pappas via apappas@alpha-alt-pm.com

• Date available: Now
• Lease term: 15 Years
• Service type: None
• Space Type: Relet