$549,000
Active Under Contract705 E Michigan St, Orlando, FL 32806
758 sq ft
Listing courtesy of MERDIAN REALTY LLC Β· MLS# O6390393
140 days on market
Refreshed from the Stellar MLS feed . This listingβs MLS record last changed .
About this property
Under contract-accepting backup offers. Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue β one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals β including licensed estheticians β creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate over 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.
Facts
- Property type
- Office
- Year built
- 1940
- Exposure
- South
- Flood zone
- X
- Annual taxes
- $3,485/yr
- Listed
- Mar 12, 2026
- MLS #
- O6390393
Commercial details
Building & site
- Building size
- 1,420 SF
- Lot size
- 0.11 acres (4,668 SF)
- Zoning
- C-1
- Ceiling height
- 8 to 9 Feet
- Road frontage
- City Street
- Buildings
- 2
- Occupancy
- Tenant-occupied
- Building features
- Bathrooms, Kitchen Facility, Seating, Waiting Room
Investor metrics
- Price per SF (MLS)
- $386.62/SF
- Net operating income
- $45,251/yr
- Annual expenses
- $10,945/yr
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $599,500
- Price reduced to $549,000from $559,500
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705 E Michigan St, Orlando, FL 32806
Listing courtesy of MERDIAN REALTY LLC Β· MLS# O6390393 Β· Active Under Contract
Where this property is
Opens on aerial β on this coast the canal, the lot and the neighbours answer more questions than a street grid does.



