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703 E Colonial Drive

Orlando, FL 32803

– beds
– baths
3,464 sqft
13,999 sqft lot
$663 per sqft
1910 build
– on site

Welcome to a prime investment opportunity in the heart of downtown Orlando! This property offers an exceptional corner location featuring both a duplex and a single-family home, presenting a versatile canvas for savvy investors and developers alike. The entire corner is for sale, 703 E. Colonial and 713 Summerlin. Great redevelopment opportunity. Situated in a highly desirable downtown area, this property boasts zoning that allows for commercial retail as well as multi-family development, making it a strategic choice for various ventures. Whether you're considering revitalizing the existing structures or embarking on a redevelopment project, the potential for growth and profitability is vast. Adding to its appeal, the property also presents the option to acquire two adjoining lots behind it, further expanding the scope for development and enhancing the overall value proposition. For those interested in exploring this additional opportunity, additional pricing information is available upon request. Don't miss out on the chance to secure your stake in Orlando's dynamic real estate landscape. Contact us today to schedule a viewing and unlock the potential of this exceptional property!

Listing courtesy of STELLAR_MLS / OLDE TOWN BROKERS INC

Last checked: Checking… • Last updated Oct 9, 2024 •

MLS# O6206432 —

The Building

Year Built:

1910
New Construction:

false
Construction Materials:

Wood Frame
Roof:

Other
Foundation Details:

Crawlspace
# of Buildings:

2
Building Area Total:

4325
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Built-in Features
Fireplace:

false

Room Dimensions

Living Area:

3464
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Corner of Colonial Drive and Summerlin
Latitude:

28.553741
Longitude:

-81.368339
Coordinates:

-81.368339, 28.553741

The Property

Parcel Number:

242229152400112
Property Type:

Residential Income
Property Subtype:

Duplex
Lot Size Acres:

0.32
Lot Size Area:

13999
Lot Size SqFt:

13999
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

R-2B/T
View:

false
Exterior Features:

Courtyard
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

x
Additional Parcels:

true
Additional Parcels Description:

24-22-29-1524-00-130
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

11
Tax Legal Description:

COLONIAL HILLS FIRST ADDITION F/107 THES 1/2 OF LOTS 11 & 12 and COLONIAL HILLS FIRST ADDITION F/107 LOT 13 (LESS ST RD R/W)
Tax Book Number:

F-107
Tax Annual Amount:

5876.02

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6206432
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer

Appliances

Laundry Features:

Laundry Room

The Community

Subdivision Name:

COLONIAL HILLS FIRST ADD
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

true
Carport Spaces:

1
Covered Spaces:

1

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/24/24 May 24, 2024	Listed / Active	STELLAR_MLS	$2,300,000

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This multifamily located in Downtown Orlando, Orlando, FL 32803 is currently for sale for $2,300,000. 703 E Colonial Drive is a 3,464 square foot multifamily with – beds and – baths that has been on Estately for 181 days. 703 E Colonial Drive is in the Downtown Orlando neighborhood of Orlando and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Edgewater High School, Cornerstone Charter Academy K-8, Cornerstone Charter Academy High School, and Audubon Park School.

Listing Courtesy of: STELLAR_MLS and OLDE TOWN BROKERS INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.