21628 State Road 46Mount Dora, FL 32757
- Retail properties
- 7,000 SF
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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