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1st Floor - Unit Retail
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Retail
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17,604 SF
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$6,634,000 USD
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Unit Size: 17,604 SF
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Condo Use: Retail
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Price: $6,634,000 USD
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Sale Type: Investment
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Price/SF: $376.85 USD
Description
The property spans approximately 17,604 square feet of retail condominium space.
Sale Notes
The Shops at Veranda Park present an exceptional retail investment opportunity located in the flourishing MetroWest area of Orlando, one of the city’s most prominent and established master-planned communities. This offering includes well-curated ground-floor retail condos. The property spans approximately 17,604 square feet on 1.40 acres and boasts 100% occupancy, ensuring immediate in-place income and long-term stability.
Strategically positioned along South Hiawassee Road, the site benefits from high visibility and traffic exposure, capturing an average of 28,500 vehicles per day. Tenancy includes leading service-oriented, medical, and food & beverage operators such as Easy Work Space, Achille’s Coffee Shop, Filutowski Eye Institute, CB Catering, and Alora Health Spa. This tenant composition not only fosters consistent daily activity but also mitigates the impact of e-commerce trends.
With connectivity to major roadways such as Florida Turnpike, I-4, S Kirkman Road, and Colonial Drive, the property offers convenient regional accessibility. Investors will appreciate the 6.0% cap rate offered at a price of $6,634,000, alongside significant upside potential through rent growth as several tenants are currently below market rent levels. Positioned in an established yet evolving corridor, The Shops at Veranda Park represent an attractive opportunity for stable income and future appreciation.
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