Rare Historic Orlando Office Building with Disney Connection Sold
Historic office buildings are a rarity in downtown Orlando, but the century-old Metcalf Building is just that. Famous for its basement bar, the landmark also boasts one very special former tenant. Walt Disney himself once called the top floor of the brick building his office.
According to an article in the Orlando Business Journal, the building recently sold for $9.79 million after being listed for $10.5 million. FoxRock Orlando 100 Realty LLC purchased the building on October 19th. The firm is an offshoot of FoxRock, a property management company headquartered in Quincy, Massachusetts.
“Orlando, in particular, is a market that is experiencing a lot of growth, and we believe this property is well-positioned to benefit from that growth,” said FoxRock Director of Business Development Bryan Guidicelli in the Orlando Business Journal article.
More on the Historic Metcalf Building
The Metcalf Building sits at 100 S. Orange Avenue and features 39,256 square feet of offices. The ground floor offers retail space. according to records cited by the Orlando Business Journal.
Though the fate of the building remains relatively unknown, the sale represented the beginning of rebirth in the Orlando commercial real estate market to many. The building’s bar remained open throughout the pandemic with its location also featured in “The Sims” video game, according to the Orlando Weekly.
Built in 1923, the Metcalf Building became the third skyscraper in Orlando when it opened in 1924. The site originally housed the Orlando Federal Savings and Loan Association as well as the Lucerne Pharmacy. In later years, the Orlando Bank & Trust Company took up residence until it failed, and the building was purchased by Henry Metcalf, according to the Riches register maintained by the University of Central Florida.
In the early 2000s, Citrus Bank set up residence in the 10-story building. Many certainly now wonder what will become of the historical landmark with its new owners.
Feature Image Credit: CoStar