The District Building
The District Building | Multitenant Retail Asset in Urban Core of Downtown Orlando
Marketing description
First Capital Property Group proudly presents The District Building, a rare opportunity to acquire a character-rich, multitenant retail asset in the urban core of Downtown Orlando. Positioned at 532 W Church Street, just steps from the Kia Center, Inter & Co Stadium, and the broader Church Street entertainment corridor, the property offers investors a highly visible location within one of Downtown’s most active and evolving districts.
Originally constructed in 1922 and thoughtfully renovated, the ±6,055 SF, two-story building blends historic charm with a modern hospitality-driven presentation. The asset is currently occupied by two in-place tenants, The District GastroBar and Obsidian Cocktail Lounge, creating an established food and beverage presence with a distinctive identity in the market.
The offering is further strengthened by tangible real estate fundamentals that are increasingly difficult to replicate in Downtown Orlando, including frontage along Church Street, dedicated adjacent surface parking, and additional reserved parking rights in the nearby Plaza parking garage. This combination enhances accessibility for patrons and operators alike, while reinforcing the long-term desirability of the asset.
Positioned within immediate proximity to the emerging Westcourt development, a transformative mixed-use project representing an estimated $500 million investment in Downtown Orlando, The District Building stands to benefit from a significant infusion of new residential density, hospitality, and experiential retail activity. As Westcourt delivers additional foot traffic, destination appeal, and economic momentum to the surrounding area, the subject property is uniquely positioned to capture both near-term and long-term demand driven by this adjacent growth.
With its irreplaceable downtown positioning, adaptive historic character, and embedded experiential tenancy, The District Building represents a compelling acquisition for investors seeking a walkable core asset with strong identity, enduring relevance, and exposure to Downtown Orlando’s continued evolution.
Investment highlights
- Premier Downtown Entertainment Location Situated on West Church Street in the heart of Downtown Orlando, the property benefits from immediate proximity to the Kia Center, Inter & Co Stadium, and the broader sports, nightlife, and entertainment ecosystem that continues to drive activity in the urban core.to modern standards.
- Proximity to Transformational Westcourt Development Located just steps from the planned Westcourt mixed-use project, a $500 million investment expected to introduce new residential units, hospitality, retail, and public gathering spaces, further strengthening the Church Street corridor as a premier destination within Downtown Orlando.
- Historic Character with Modern Appeal Originally built in 1922 and renovated in recent years, the building offers a distinctive blend of historic architecture and updated interior environments, creating an atmosphere that is difficult to reproduce in newer product.
- Established In-Place Tenancy The property is occupied by The District GastroBar and Obsidian Cocktail Lounge, two complementary hospitality concepts that create an activated, experiential environment and contribute to the identity of the asset.
- Strong Visibility and Frontage With approximately 70 feet of frontage on West Church Street, the property enjoys a visible presence within one of Downtown Orlando’s most recognizable entertainment corridors.
- Walkable Urban Connectivity The building is positioned within close reach of major Downtown destinations, public parking resources, SunRail access, and regional transportation routes, supporting continued relevance for both tenants and patrons.
- Experiential Retail and Hospitality Appeal The asset is well-suited for investors seeking a retail or restaurant property with built-in atmosphere, street presence, and long-term positioning in a district shaped by dining, nightlife, events, and tourism activity.
- Irreplaceable Downtown Product Type Authentic, smaller-scale historic retail buildings with access to parking, character, and proven food and beverage utility remain exceptionally limited in Downtown Orlando, reinforcing the property’s scarcity value.
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