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Mount Dora Plaza 2700-2738 W Old Highway 441 73,479 SF 100% Leased Retail Building Mount Dora, FL 32757 $7,160,000 ($97.44/SF) 7.25% Cap Rate
Investment Highlights
- Strong In-Place Cash Flow. The Property is fully occupied, generating a present net income of approximately $519,136
- Excellent Visibility & Accessibility. Situated along W Old Hwy 441 (±12,000 VPD), The Property enjoys prominent visibility and ease of access
- Well-Maintained Asset with Limited Capital Exposure. Consistently maintained with recent updates to roof, HVAC, parking lot, and repainting
- Value-Add Opportunity with Short-Term Rent Roll. Despite healthy current income, staggered lease expirations provide Value-Add Opportunity
- Abundant Parking and Outparcel Opportunity. With 447 surface parking spaces (±6.2/1,000 SF ratio), The Property contains ample parking
Executive Summary
Prime Realty has been selected as the Exclusive Broker, to market for Sale, Mount Dora Plaza - a 100% occupied ±73,479 SF neighborhood Shopping Center on approximately 9.45 acres located along W Old Hwy 441 (12,000 VPD) in the heart of Mount Dora, Florida. The center features a diverse mix of national, regional, and local tenants including USPS, Family Dollar, and Treasure Mart, as well as long-standing tenant Mount Dora Pizza, which has operated at the center since 1978. This stable retail asset benefits from a dense and growing trade area, solid demographics, and multiple established tenants with staggered lease expirations. Mount Dora Plaza is a rare value-add opportunity in a highly sought-after Central Florida submarket.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
73,479 SF
Building Class
B
Year Built/Renovated
1978/2008
Price
$7,160,000
Price Per SF
$97.44
Cap Rate
7.25%
NOI
$519,136
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
9.45 AC
Zoning
C-3 - Regional Commercial
Parking
447 Spaces (6.08 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Across from United States Post Office Mostly Open Floor Plan
| Space | Size | Space Use | Position | Available |
| 1 | 6,600 SF | Office/Retail | End Cap | 60 Days |
1
| Size |
| 6,600 SF |
| Space Use |
| Office/Retail |
| Position |
| End Cap |
| Available |
| 60 Days |
1
| Size | 6,600 SF |
| Space Use | Office/Retail |
| Position | End Cap |
| Available | 60 Days |
Across from United States Post Office Mostly Open Floor Plan
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-19-26-0800-000-00G00 | Improvements Assessment | $3,268,326 |
| Land Assessment | $647,199 | Total Assessment | $3,915,525 |
Property Taxes
Parcel Number
25-19-26-0800-000-00G00
Land Assessment
$647,199
Improvements Assessment
$3,268,326
Total Assessment
$3,915,525
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Mount Dora Plaza | 2700-2738 W Old Highway 441
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