121 Highland StMount Dora, FL 32757
- Retail properties
- 1,517 SF
Property Details for 121 Highland St
- Year built
- 1925
- Construction
- WOOD FRAME
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 1,517 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 32-19-27-2600-00A-00600
- APU
- 321927260000A00600
Description
This exceptional commercial property, located at 121 N Highland Street in Mount Dora, Florida, presents a unique investment opportunity. The property consists of two lots totaling 0.34 acres, zoned C2-A within the thriving Uptown Mount Dora Business District. The main building offers 1,517 square feet of space, perfect for a variety of uses including retail, professional services, or food service establishments. Its charming, historic two-story design adds character and appeal. The property is currently vacant, allowing for immediate occupancy and customization to suit the new owner's vision. Eight parking spaces are conveniently located on the adjacent lot, enhancing the property's functionality. The strategic corner location at the intersection of CR 46/1st Avenue and Highland Street provides excellent visibility and accessibility, with quick access to US 441. Furthermore, the City of Mount Dora offers a facade grant program (while funds are available), providing an additional incentive for potential buyers to enhance the property's aesthetic appeal. The asking price for this remarkable property is $525,000. This is a gross lease property.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $425,570
- 6.5%
- $392,834
- 7%
- $364,775
-
Comparable approach
- Method
- Valuation
- Relative Method
- $498,261
- Geo Method
- $498,261
-
Alternative Use
- Use
- Valuation
- Residential
- $331,370
- Hospitality
- $303,534
- Educational
- $252,536
- Medical
- $261,221
- Retail
- $392,834
Location Insight
- City
- Mount Dora
- County
- Lake
- State
- Florida
- Latitude
- 28.7971
- Longitude
- -81.6366
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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