11955 E Colonial Drive
11955 E Colonial Dr Orlando , FL 32826-4725

11955 E Colonial Drive - retail for sale

62,952 ft2
Retail --Single tenant/Standalone Sale/Purchase
USD $8,603,000

Description

The property is located at 11955 East Colonial Drive, Orlando, Florida within the Alafaya Commons Shopping Center. The subject property is strategically situated within the Alafaya Commons Shopping center with excellent access and visibility at the junction of East Colonial Drive (41,500 AADT) and North Alafaya Trail (53,000 AADT). The site benefits from robust demographics with a population of 221,938 and average household income of $76,192 within five miles of the site. The area benefits from steady population growth, with an annual rate of 1.78% since 2010 and projected annual rate of 1.63% through 2022 within three miles of the property. The area benefits from strong educational attainment; approximately 38% of residents within five miles of the site have earned a bachelor’s degree or higher, as compared to only 28% of residents statewide.