21628 State Road 46Mount Dora, FL 32757

Property Details for 21628 State Road 46

Year built

1986

Construction

METAL FRAME

Lot size

10.94 AC

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Auto shops

APN

34-19-27-0100-00B-00100

APU

341927010000B00100

Description

This exceptional 10.94-acre property in Mount Dora, FL, offers a unique blend of commercial and industrial opportunities. The 7,500 square foot warehouse/shop building, situated on approximately 1-2 acres, features three offices, two bathrooms, one shower, ample storage (including an elevated deck), and six bay roll-up doors allowing for drive-through access. The remaining 8-9 acres of undeveloped land present significant expansion potential. Boasting approximately 350 feet of direct frontage on State Road 46, this high-visibility location benefits from exceptional traffic counts (estimated at 13,429 in 2022 and rising). Its strategic location is less than one mile from the Orlando Beltway (SR 453/429) and under two miles from US 441, placing it within easy reach of major transportation arteries. The property is zoned for commercial and light industrial uses, offering a wide range of development possibilities. Consider the property's proximity to the burgeoning Wolf Branch Innovation District, a planned joint venture between the City of Mount Dora and Lake County, further enhancing its long-term growth potential. All measurements are approximate and should be verified independently. Consult the Lake County zoning department for detailed information on permitted uses. This is a prime opportunity to capitalize on the rapid growth of the State Road 46 corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,958,251

  6.5%

  $1,807,617

  7%

  $1,678,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,290,807

  Geo Method

  $2,290,807

• Alternative Use

  Use

  Valuation

  Residential

  $1,524,792

  Hospitality

  $1,396,702

  Educational

  $1,162,039

  Medical

  $1,202,004

  Retail

  $1,807,617

Location Insight

City

Mount Dora

County

Lake

State

Florida

Latitude

28.7986

Longitude

-81.5986

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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