10235 General Drive Unit 8, Orlando, FL 32824
- $1,599,000
- 646
- SqFt
- List Price
- $1,599,000
- Status
- Active
- Days on Market
- 112
- Price Change
- ▼ $100,000 1783623891
- MLS#
- O6397353
- Property Style
- Warehouse
- Year Built
- 1986
- Living Area
- 646
- Lot Size
- 19,500
- Acres
- 0.45
- Total Acreage
- 1/4 to less than 1/2
- Monthly Condo Fee
- 1861
- Legal Subdivision Name
- Parkway Distibution Center Condo Ph 02
- Development Name
- Parkway Distribution Center 2
- Complex/Comm Name
- Parkway Distribution
- MLS Area Major
- Orlando/Taft / Meadow woods
Property Description
Prime opportunity to acquire a functional industrial warehouse condo in the highly desirable Airport submarket of Orlando—ideal for both investors seeking in-place income and owner-users planning for future occupancy. This 8,479 SF asset (±646 SF office / ±7,786 SF warehouse) is currently leased to a national telecommunications infrastructure contractor through October 31,2026, providing stable cash flow during the near term. The tenant has an established presence at the property, and there is a strong possibility of renewal, while the lease term also offers clear timing for an owner-user to plan occupancy. The property is currently leased at $11.55/SF, representing a significant discount to market rents ($15–$18/SF), creating a compelling mark-to-market opportunity for investors or the ability for an owner-user to acquire at a basis supported by below-market income. Constructed of concrete block, the building offers 16–17 ft clear height, two dock-high doors (including one with lift), and a secured fenced/gated configuration, making it highly functional for logistics, distribution, or service-based operations. The office buildout includes a reception area, two private offices, and dual restrooms. Strategically located with immediate access to Florida Turnpike, SR 528 (Beachline Expressway), and SR 417 (Central Florida GreeneWay), and minutes from Orlando International Airport, the property sits within one of Central Florida’s most active industrial corridors. This asset provides immediate return with embedded upside, while also presenting a rare opportunity for an owner-user to secure a well-located facility with near-term occupancy optionality.
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Additional Information
- Taxes Annual
- $12598
- Condo Fees
- $1861
- Condo Fees Term
- Monthly
- Location
- Corner Lot, Industrial Park, Oversized Lot
- Community Features
- Curbs, No Deed Restriction
- Property Description
- One Story
- Zoning
- IND-4
- Floor
- Ceramic Tile
- Utilities
- Phone Available, Public, Underground Utilities
- Heating
- Central
- Air Conditioning
- Office Only
- Exterior Construction
- Block
- Roof
- Membrane
- Foundation
- Slab, Stem Wall
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 11-24-29-6712-00-080
- Legal Description
- PARKWAY DISTIBUTION CENTER PHASE 2 CONDOCB 13/45 UNIT 8
Listing courtesy of AG REALTY SERVICES LLC. 407-374-7295
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