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31733524
31733526

1 S Cottage Hill, Orlando, FL 32805

GM
FL FL BK3312487
iConnect Real Estate
Listed by iConnect Real Estate
$5,990,000
48 days on market
Updated 48 days ago
Opportunity zone

1 S Cottage Hill

Details
APN 28-2229-1209-00-010
Property Type Special Purpose
Sub Type Religious/Church
Square Footage 30,044
Units 242
Tenancy Single
Broker Co-Op True
Class B
Year Built 1976
Year Renovated 2002
Buildings 1
Stories 1
Acreage 3.860
Zoning R-3B
Parking Spaces 252 spaces
Parking Per SqFt 8.39
Investment Type Redevelopment
Ground Lease No
Ownership Fee Simple

Special Purpose | 30,044 SqFt

Marketing description

We are pleased to offer the opportunity to acquire 1 S Cottage Hill Rd, a rare urban redevelopment site totaling 3.86 acres and a standalone building with 30,044 gross square feet that was originally built in 1976 and expanded in 2002 with the addition of offices and an events center. Recent improvements include a upgraded sanctuary with epoxy flooring, audio and visual equipment, brand new chairs along with 3 new HVAC units. The event center is an open atrium consisting of 9 rooms (closed off by air walls).

The existing facility has been used primarily as a fully functioning church and school and includes: a 800 seat acoustic sanctuary, two reception areas, a full size commercial kitchen, several separate kitchenettes, banquet hall, 3 conference rooms, library, an audio room, video room, meditation room, media room, women's and men's lounges, 8 offices, classrooms, plenty of storage space, custom dividable room panels, merchandise store, cafe and a host of restrooms. It has a separate fenced playground and paved parking for 52 vehicles and parking for 242 in total.

The site provides excellent proximity, visibility, and access to all areas of Central Florida along the East-West Expressway/State Road 408 and US I-4 expressways and Colonial Rd/State Road 50. The SR 408 John Young Parkway eastbound exit provides direct and immediate access onto the parcel, and yields direct visibility of the site while exiting. The property also features 266 ft of frontage on John Young Parkway. John Young Parkway at SR 408 has average daily traffic counts of over 48,300.

Investment highlights

  • Qualified HUBZone Location - U.S. Small Business Administration limits competition for contracts to businesses in historically underutilized business zones
  • Opportunity Zone Location - Provides tax incentives, including temporary deferrals on capital gains taxes, and a host of other benefits
  • County, City, and State Development Incentive Programs and Credits for Designated Affordable Housing
  • Repurpose opportunities include Charter Schools, Senior Care / Multifamily. A Comp Plan Amendment could expand allowable use to AC-N which allows for Gas Stations, Storage Facilities, and/or Increased Density to 30 du/ac for Multifamily use

Listing Contacts

GM
FL FL BK3312487
iConnect Real Estate
Listed by iConnect Real Estate

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Additional Information

Name
Gislene "Gigi" Moorman
License
FL BK3312487
Brokerage
Coldwell Banker Realty
Brokerage Phone
4076942246
Title
Broker Associate - Team Lead
Brokerage Address
615 Channelside Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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