121 Highland StMount Dora, FL 32757

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 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.

• 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

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