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111 W Ruby St 8,552 SF Retail Building Tavares, FL 32778 $2,999,500 ($350.74/SF) 6% Cap Rate
Investment Highlights
- Prominent address in Downtown Tavares fronting Lake Dora waterfront with ample parking.
- Large parcel with easy access and on-site parking options.
- Built in 2010 class A with modern construction and full-service restaurant design.
- Over 6,000 SF under air with another 2,000 of covered patio space.
Executive Summary
Freestanding commercial building and established waterfront restaurant located in Downtown Tavares on the north shore of beautiful Lake Dora. The downtown district is a bustling area which is very walkable and easily reachable by car approximately halfway between the City of Orlando and The Villages, the largest retirement community in the country. The restaurant occupies a coveted spot across the street from the lake, a large community park, and the Tavares Seaport, the seaplane base and recreational boating marina which inspired the restaurant’s concept and name.
The restaurant is an expansive, two-story facility with an elevator encompassing over 6,470 square feet under air with an additional 2,082 square feet of covered patio space. Both levels feature separate kitchens, bars and dining areas, while the second floor also features a full banquet facility which is popular for family celebrations like
birthdays, bridal showers, and weddings, as well as business events and fundraisers. The building exterior is a mixture of CBS with brick columns, metal roofs and canvas awnings.
The restaurant is an expansive, two-story facility with an elevator encompassing over 6,470 square feet under air with an additional 2,082 square feet of covered patio space. Both levels feature separate kitchens, bars and dining areas, while the second floor also features a full banquet facility which is popular for family celebrations like
birthdays, bridal showers, and weddings, as well as business events and fundraisers. The building exterior is a mixture of CBS with brick columns, metal roofs and canvas awnings.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,552 SF
Building Class
B
Year Built/Renovated
2010/2017
Price
$2,999,500
Price Per SF
$350.74
Cap Rate
6%
NOI
$180,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.97 AC
Zoning
PD
Parking
33 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
276’ on W. Ruby
Amenities
- Conferencing Facility
- Restaurant
- Security System
- Signage
- Waterfront
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Balcony
- Smoke Detector
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-19-26-0500-002-00A00 | Total Assessment | $1,248,396 (2026) |
| Land Assessment | $497,420 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $750,976 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
29-19-26-0500-002-00A00
Land Assessment
$497,420 (2026)
Improvements Assessment
$750,976 (2026)
Total Assessment
$1,248,396 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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111 W Ruby St
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