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121 S Orange Avenue 1450N & 1470N, FL 32801 (MLS# F10487310)

121 S Orange Avenue 1450N & 1470N, FL 32801

$1,549,000

Virtual Tour

https://www.propertypanorama.com/121-S-Orange-Ave-Unit-1450N-1470N-Other-City-In-The-State-Of-Florida-FL-32801/unbranded

Virtual Tour

https://rem.ax/4hKQAUM

Property Type: Commercial Sale Square Footage: 6,401 Status: Active

Current Price: $1,549,000 List Date: 2/18/2025 Last Modified: 5/07/2026

Overview

Description

LCRE Group at Remax Direct presents a prime investment in downtown Orlando’s Plaza Building – North Tower. This sale includes two income-producing office units totaling 6,401 sq. ft. Unit 1450N (4,538 sq. ft.) is a corner space with a balcony overlooking Orange Ave, featuring an open layout, conference rooms, private offices, a kitchen, and a breakroom, leased until March 31, 2027. Unit 1470N (1,683 sq. ft.) has a double-door entry, new paint, wood laminate floors, private offices, a reception area, a breakroom, and conference rooms with floor-to-ceiling windows showcasing downtown Orlando and Lake Eola, leased until October 31, 2026. This is a fantastic opportunity to acquire an income-generating asset in a prime location. CAP RATE at 6% NOI: $92,377.34

Listing Details MLS# F10487310

General Property Information

Number Of Buildings: Yes
Property Sub Type: Business
Number Of Units Total: 2
Price Per Unit: 242
Occupant Type: Tenant
Building Area Main: 6401
Year Built: 2007
Lot Size Area: 6041
Lot Size Acres: 0.14
Stories Total: 22
Stories: Yes
Leasable Area: 6401

Property Features

Building Features: Elevator(s) Business Type: Commercial; Residential Common Area Maintenance Includes: Exterior Electric; Exterior Maintenance; HVAC Maintenance; Interior Electric; Interior Maintenance; Janitorial Service; Management Fees; Outside Insurance Documents Available: Bylaws & Documents; Copy Of Lease(s) Flooring: Carpet; Ceramic Tile Heating: Central Building Possession: Close Of Escrow; Subject To Tenant Rights Property Condition: Resale Sale Includes: Leases Source Of Expenses: Owner Provided Construction Materials: Block Cooling: Central Building Listing Terms: Cash Road Frontage Type: City Street Roof: Concrete Security Features: Security Guard; Smoke Detector(s) Structure Type: Office; Warehouse Utilities: Sewer Available Water Source: Other Showing Requirements: Call Listing Office

Contract Information

Comp Sale YN: No
Original List Price: 1650000
Negotiable Seller Concessions YN: No

Location and Legal

Country: United States
County Or Parish: Other
County Parish Name: Other
Street Number: 121
Street Direction Prefix: S
Street Name: Orange
Street Suffix: Avenue
Unit Number: 1450N & 1470N
State Or Province: FL
Postal Code: 32801
Postal Code +4: 3221
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 262229715614500
Subdivision Number: 7156
Zoning: OFFICE
Directions: Take Exit 259 for I-4 East toward Orlando, I-4 East continue for 8 miles. Take Exit 82B for Anderson St toward Downtown., Keep left, follow South St & merge onto South St. 0.5 miles, then right onto S Orange Ave. 121 S Orange Ave will be on your left.
Property Description: UNIT 1450 & 1470 TOTALLING

Financial Information

Association Fee: 7038
Association Fee Frequency: Monthly
Tax Year: 2024
Tax Legal Description: PLAZA NORTH TOWER COMMERCIAL CONDOMINIUM 8820/4096 UNIT 1450 N & 1470 N

Status Change Information

Major Change Timestamp: 2025-12-08T18:35:39Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-12-08T18:35:39Z
Status Change Date: 2025-02-18

More Information

Building and Property Details

# Of Offices: 2
# Of Tenants: 2

Distance To Information

Miles to Expressway: 3

Meter Information

Number Of Meters Total: 2

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 106878
Gross Scheduled Income: 193467
Net Operating Income: 92377
Occupancy Percentage: 100

Description of Unit Type 1

Unit Type: Suite(s)
Units Total: 1450
Annual Rent: 153202.88

Description of Unit Type 2

Unit Type: Suite(s)
Units Total: 1470
Annual Rent: 46053.36

Price Calculations

Current Price To SqFt: 241.99

Originating Details

Originating System Key: 594135835
Originating System ID: M00000170

Currently Not Used

Ownership Type: Corporation

Office/Member Information

DXORIGMLSID: FLL

Flooring

Carpet: Yes
Ceramic Tile: Yes

Property Condition

Resale: Yes

Documents Available

Bylaws & Documents: Yes
Copy Of Lease(s): Yes

Structure Type

Office: Yes
Warehouse: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Utilities

Sewer Available: Yes

Building Features

Elevator(s): Yes

Business Type

Commercial: Yes
Residential: Yes

Common Area Maintenance Includes

Exterior Electric: Yes
Exterior Maintenance: Yes
HVAC Maintenance: Yes
Interior Electric: Yes
Interior Maintenance: Yes
Janitorial Service: Yes
Management Fees: Yes
Outside Insurance: Yes

Heating

Central Building: Yes

Sale Includes

Leases: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes

Road Frontage Type

City Street: Yes

Roof

Concrete: Yes

Security Features

Security Guard: Yes
Smoke Detector(s): Yes

Water Source

Other: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Building: Yes

Showing Requirements

Call Listing Office: Yes

Listing Office: RE/MAX Direct

Last Updated: May - 07 - 2026

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121 S Orange Avenue 1450N & 1470N, FL 32801 (MLS# F10487310)