121 Highland StMount Dora, FL 32757

  • Retail properties
  • 1,517 SF
For Sale
$525,000 View listing

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
121 Highland St, Mount Dora, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,383
-
-
$121,502
-
$54,504
$66,998
$121,502

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