Mills 50 District Commercial Opportunity

Highlights:

• 3,840 SF free standing building
• 14 Parking Spaces
• Built in 1982, renovated in 1985
• Zoned MU-1/T for versatile commercial development
• High visibility with ± 48,500 VPD
• Prime retail investment opportunity
• Ample space for diverse retail ventures

Description:

818 E. Colonial Dr. is a 3,840-square-foot, single-story masonry building ideally positioned on the hard corner of E. Colonial Drive and Hyer Avenue in the heart of the Mills 50 District. Previously home to Vision Max and before that an MRI imaging center, the property’s turnkey floor plan features multiple private offices and exam suites—many already plumbed or easily retrofitted for sinks, lab stations, or treatment rooms. A 480-volt electrical service ensures the capacity to support high-power users, from radiology and imaging to other specialty practices.

The building sits on a generous parcel with 14 asphalt covered parking spaces and offers prominent building facade and monument signage at the intersection. With direct frontage on E. Colonial Drive and an average daily traffic count of 48,500 vehicles, this freestanding asset delivers unparalleled visibility and convenience for both employees and customers.

Zoned ORL-MU-1/T Mixed-Use, 818 E. Colonial Dr. opens the door to a broad spectrum of uses—professional and medical offices, boutique retail, restaurant concepts, and beyond. Whether you’re seeking a turn-key medical practice, a destination restaurant, or a creative retail showroom, this property combines structural flexibility, strong infrastructure, and Mills 50’s vibrant “foodie” and cultural scene to create a truly one-of-a-kind opportunity.

818 E Colonial Dr is strategically located at the southeast corner of East Colonial Drive and Hyer Avenue within the Mills 50 District of downtown Orlando. With a
northern exposure, the property is poised to benefit from future improvements in the area and daily traffic counts.

Mills 50® sits at the crossroads of culture and commerce in Orlando—a grassroots, member-driven Main Street America-accredited district celebrated for its walkable, eclectic streetscape and preservation-based economic development. Anchored by local business owners, residents and generous City of Orlando support, Mills 50® blends progressive‐minded retail, dining and creative programming within a vibrant, diverse urban community.

As of 2025, the property is located within a 1-mile radius boasting an average household income of $147,473, with projections indicating an increase to $154,405 by 2030, reflecting a .92% annual growth rate.

The population within the same 1-mile radius stands at 20,303 in 2025, with an expected annual growth rate of 1.53%, reaching 21,902 by 2030. This demonstrates a strong and consistent growth trend in the region.

The median age within this radius is 38.3 years, with an average household size of 1.67. The 2025 Total Housing Units total 13,462, with projections showing a growth to 14,354 by 2030.

The City of Orlando is committed to furthering the area's growth through continued improvements, including road infrastructure upgrades, business incentive programs, and the development of new parks and pathways designed to enhance connectivity throughout the city core.

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