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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) 7.15% Cap Rate
Investment Highlights
- Established retail center with 100% occupancy.
- Home to the Mount Dora U.S. Post Office.
- Diverse tenant mix includes national, regional, and local businesses.
- Frontage along W Old Highway 441 provides strong visibility.
- Ample on-site parking supports customer and tenant access.
- USPS recently executed their lease extension at an 81% rent increase beginning in August 2028.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
73,479 SF
Building Class
B
Year Built/Renovated
1978/2008
Price
$7,160,000
Price Per SF
$97.44
Cap Rate
7.15%
NOI
$511,844
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
- Monument Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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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