LIGHTHOUSE PLAZA | IDRIVE FRONTAGE | 26K+ VPD | 7.46%… — Sale in Orlando, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Orlando, FL 32819
  • Year built: 1979

Photos

LIGHTHOUSE PLAZA | IDRIVE FRONTAGE | 26K+ VPD | 7.46%… — Sale in Orlando, FL, photo 1 of 6
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LIGHTHOUSE PLAZA | IDRIVE FRONTAGE | 26K+ VPD | 7.46%… — Sale in Orlando, FL, photo 6 of 6

Investment Figures

Cap rate
2.53%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a value-add retail center with irreplaceable frontage along International Drive in Orlando, Florida. The property offers prominent visibility and direct access along one of the country’s most heavily visited tourism corridors, with exposure to approximately 26,000 vehicles per day. Approximately 8,317 square feet of vacant space provides immediate lease-up potential, while the fully occupied rear portion of the center provides an established income base. The current proforma includes only the lease-up of the vacant suites, with additional upside available through increasing existing rents closer to submarket asking rent of $39.82 per square foot (according to CoStar). Suite 102 consists of a fully built-out, 3,596-square-foot restaurant and entertainment space featuring commercial hoods, a walk-in freezer and cooler, outdoor patio seating, and a second-floor entertainment area. The existing improvements significantly reduce the build-out requirements for a future operator and may help accelerate leasing. Current tenants operate under NNN leases, providing expense reimbursements and reducing the landlord’s exposure to property-level operating costs. Additionally, a substantial portion of the roof was replaced in 2025, limiting near-term capital requirements for a future owner. The property is surrounded by Universal Orlando Resort, Walt Disney World, SeaWorld Orlando, and other major tourism and entertainment destinations. Orlando welcomes approximately 75.3 million annual visitors, supporting consistent activity throughout the corridor. The surrounding three-mile area reports an average household income of approximately $110,203 and benefits from its proximity to the highly desirable Dr. Phillips and Windermere communities. With submarket vacancy remaining low at 2.3%, the property is well positioned to benefit from continued tenant demand and long-term growth along one of the country’s most heavily

Market Context

This retail in Orlando, FL is listed for sale. It is offered at an approximate 2.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1979. Compare it against other retail listings for sale in Orlando, FL — view the full market.

As of Q1 2026, the Orlando retail market showed a 3.9% vacancy rate, average asking rents near $31.24/SF/yr, and rents up 5.2% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Orlando retail market tightening or softening?
Vacancy is around 3.9%, with asking rents rising year over year (Q1 2026).

Estimated Price per SF

$66.45/SF – $483.24/SF

Mid: $201.35/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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