Single Tenant Freestanding Retail in Orlando

Highlights:

• 11,532 SF freestanding retail building
• Former Chuck E. Cheese – adaptable for retail, restaurant, entertainment, or specialty uses
• 1.57-acre (68,389 SF) parcel
• 168’ frontage on W Colonial Drive
• 120 surface parking spaces (6.63/1,000 SF)
• Built in 1998
• P-D zoning
• 44,407 VPD on W Colonial Drive (2025)

Description:

Lee & Associates is pleased to present the opportunity to acquire a highly visible freestanding retail property along West Colonial Drive (SR-50), one of Orlando’s most established and heavily trafficked commercial corridors. The property consists of an 11,532-square-foot retail building situated on a 1.57-acre (68,389 SF) parcel with P-D zoning, offering exceptional flexibility for a wide range of retail, restaurant, entertainment, medical, fitness, or specialty commercial uses. Originally developed for high-volume restaurant and family entertainment operations, the building features an efficient single-tenant layout well suited for repositioning, adaptive reuse, redevelopment, or owner-user occupancy.

The property benefits from 168 feet of direct frontage along West Colonial Drive and approximately 120 surface parking spaces (6.63 spaces per 1,000 SF), providing excellent visibility and parking capacity for a variety of commercial concepts. With over 44,000 vehicles per day traveling along SR-50, the site offers substantial daily traffic exposure within a dense retail corridor anchored by numerous national retailers, restaurants, and neighborhood-serving businesses that generate consistent consumer activity.

Strategically located within Orlando’s established West Colonial retail submarket, the property provides convenient connectivity to State Road 408, Interstate 4, and Downtown Orlando, linking the site to the region’s major employment centers and rapidly growing residential communities. The surrounding retail market remains highly constrained, with vacancy in the low single-digit range, reflecting sustained tenant demand and limited available retail space along this corridor. Supported by strong demographics and established retail infrastructure, this offering presents a compelling opportunity for investors, developers, and owner-users seeking a well-located asset with significant visibility and long-term value creation potential in one of Orlando’s most active retail corridors.

Positioned along West Colonial Drive (SR-50), one of Orlando’s most heavily traveled retail corridors, the property benefits from outstanding visibility and accessibility within the densely populated West Orlando / Pine Hills trade area. West Colonial Drive serves as a major east-west arterial connecting Downtown Orlando to Ocoee, Winter Garden, and the rapidly growing western suburbs, carrying substantial commuter and retail traffic while providing direct access to State Road 408, Interstate 4, and Orlando’s broader regional highway network. The corridor is anchored by a concentration of national retailers and daily-needs operators including Walmart, Sam’s Club, Burlington, Home Depot, Ross, and numerous quick-service and casual dining concepts, generating strong cross-shopping activity and consistent consumer demand. Supported by dense surrounding residential neighborhoods and established retail infrastructure, the location offers exceptional fundamentals for value-add investment, retail repositioning, redevelopment, or owner-user occupancy seeking high visibility along one of Orlando’s most active commercial corridor.

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