5,884 SqFt
5,884 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,884 sqft
Price per Sqft $161
MLS Listing ID G5090541
HOA Y/N No
Originating Board Stellar MLS
Year Built 1994
Annual Tax Amount $12,196
Lot Size 4.000 Acres
Acres 4.0
Property Description
Discover a rare opportunity to own and develop prime commercial property in the highly sought-after and rapidly growing Mount Dora area. Situated on 4 sprawling acres, this 5,886 sq. ft. climate-controlled building offers endless potential for transformation into executive suites. With limited availability of executive spaces in the region, this property is perfectly positioned to meet the increasing demand for premium, flexible office solutions. Perfect opportunity for a DSCR. This property is about half a mile to Donnelly and the new Mount Dora Public works expansion.
Post-COVID Market Shift:
Since COVID-19, the need for large, traditional brick-and-mortar office spaces has dwindled, giving way to an exponential increase in demand for executive suites. Businesses are downsizing and seeking smaller, high-quality office spaces that provide flexibility and convenience—precisely the type of development this property can deliver.
Located in Mount Dora, a city renowned for its charm, cultural appeal, and vibrant growth, this property also boasts excellent access to major hubs like Orlando and Sanford, both of which are expanding quickly in this direction. Its strategic location provides the ideal balance of small-town charm with big-city convenience.
Key Features and Highlights:
High Income Potential: Projected executive suites rental income ranges from $60-$70 per square foot, yielding a strong net operating income (NOI) with a 95% occupancy rate.
Ample Land for Expansion: The 4-acre property offers room to expand, making it ideal for additional office spaces, amenities, or future developments.
Post-COVID Market Demand: The executive suite market is booming, with professionals and businesses favoring smaller, premium spaces that cater to flexible working environments.
Investor's Dream: Perfect for investors seeking a profitable addition to their real estate portfolio. With strategic development, this property is poised to generate significant returns and offers an attractive opportunity to create and exit with excellent ROI.
Priced to Sell – Sold As-Is: This property is competitively priced, offering incredible value for its size, location, and potential.
The growing popularity of Mount Dora, coupled with its proximity to Orlando and Sanford, makes this property a can't-miss opportunity for forward-thinking investors. With demand for executive suites outpacing supply, this property is uniquely positioned to fill that gap with significant income-generating potential.
Don't miss your chance to capitalize on this exceptional investment opportunity. Contact us today to schedule a viewing and explore the endless possibilities!
Location
State FL
County Lake
Zoning OP
Interior
Cooling Central Air
Building
Foundation Block, Crawlspace
Lot Size Range 2 to less than 5
Structure Type Wood Frame
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
derek.ratliff@riserealtyadvisors.com
10752 Deerwood Park Blvd South Waterview II, Suite 100 , JACKSONVILLE, Florida, 32256, USA