131 Main StTavares, FL 32778

Property Details for 131 Main St

Year built

1940

Construction

WOOD FRAME

Lot size

0.13 AC

Property size (Sq ft)

992 SF

Property type

Commercial real estate

APN

29-19-26-0100-007-00A01

APU

291926010000700A01

Description

This exceptional 7,886 square foot office building, located at 131 West Main Street in the heart of downtown Tavares, Florida, presents a compelling owner-user opportunity. Built in 1976 and extensively renovated in 2021, this two-story Class B building sits on a 0.52-acre lot and offers a flexible multi-tenant configuration. The property boasts a strong financial profile, with a net operating income (NOI) of $41,849 and a 3.49% cap rate. The asking price is $1,200,000, representing a fee simple ownership. Its prime location offers easy access to key government buildings, including the Lake County Courthouse and Tavares City Hall, making it ideal for businesses seeking high visibility and convenient access to local government services. The building's 7,886 square feet of net rentable space provides ample room for a variety of business uses. This is a rare opportunity to acquire a well-maintained, centrally located commercial property in a thriving Florida community. The property is available vacant or with month-to-month tenants. Consider this exceptional investment opportunity in the vibrant downtown Tavares market.

• Alternative Use

  Use

  Valuation

  Residential

  $224,725

  Hospitality

  $205,847

  Educational

  $171,262

  Medical

  $177,152

  Retail

  $266,407

Location Insight

City

Tavares

County

Lake

State

Florida

Latitude

28.8018

Longitude

-81.7288

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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