1303 Limit Avenue, MOUNT DORA, FL 32757
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Priced at Only: $950,000
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Address: 1303 Limit Avenue, MOUNT DORA, FL 32757
Property Location and Similar Properties
- MLS#: G5090541 ( Commercial Sale )
- Street Address: 1303 Limit Avenue
- Viewed: 1
- Price: $950,000
- Price sqft: $146
- Waterfront: No
- Year Built: 1994
- Bldg sqft: 6524
- Days On Market: 7
- Acreage: 4.00 acres
- Additional Information
- Geolocation: 28.816 / -81.6318
- County: LAKE
- City: MOUNT DORA
- Zipcode: 32757
- Provided by: BLACK TIE REALTY, INC.
- Contact: Mark Dyer
- 352-751-7888
- DMCA Notice
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DescriptionINVESTOR ALERT!!!!! Prime Investment Opportunity Executive Suite Development in Growing Mount Dora Discover a rare opportunity to own and develop prime commercial property in the highly sought after and rapidly growing Mount Dora area. Situated on 4 sprawling acres, this 5,886 sq. ft. climate controlled building offers endless potential for transformation into executive suites. With limited availability of executive spaces in the region, this property is perfectly positioned to meet the increasing demand for premium, flexible office solutions. Perfect opportunity for a DSCR. This property is about half a mile to Donnelly and the new Mount Dora Public works expansion. Post COVID Market Shift: Since COVID 19, the need for large, traditional brick and mortar office spaces has dwindled, giving way to an exponential increase in demand for executive suites. Businesses are downsizing and seeking smaller, high quality office spaces that provide flexibility and convenienceprecisely the type of development this property can deliver. Located in Mount Dora, a city renowned for its charm, cultural appeal, and vibrant growth, this property also boasts excellent access to major hubs like Orlando and Sanford, both of which are expanding quickly in this direction. Its strategic location provides the ideal balance of small town charm with big city convenience. Key Features and Highlights: High Income Potential: Projected executive suites rental income ranges from $60 $70 per square foot, yielding a strong net operating income (NOI) with a 95% occupancy rate. Ample Land for Expansion: The 4 acre property offers room to expand, making it ideal for additional office spaces, amenities, or future developments. Post COVID Market Demand: The executive suite market is booming, with professionals and businesses favoring smaller, premium spaces that cater to flexible working environments. Investor's Dream: Perfect for investors seeking a profitable addition to their real estate portfolio. With strategic development, this property is poised to generate significant returns and offers an attractive opportunity to create and exit with excellent ROI. Priced to Sell Sold As Is: This property is competitively priced, offering incredible value for its size, location, and potential. The growing popularity of Mount Dora, coupled with its proximity to Orlando and Sanford, makes this property a cant miss opportunity for forward thinking investors. With demand for executive suites outpacing supply, this property is uniquely positioned to fill that gap with significant income generating potential. Dont miss your chance to capitalize on this exceptional investment opportunity. Contact us today to schedule a viewing and explore the endless possibilities!
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- Property Tax $
- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Covered Spaces: 0.00
- Living Area: 5884.00
Garage and Parking
- Garage Spaces: 0.00
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Road Frontage Type: City Street, County Road
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2023
Other Features
- Country: US
- Legal Description: FROM SW COR OF SE 1/4 RUN N 89DEG 54MIN 00SEC E ALONG SAID S LINE OF SE 1/4 A DISTANCE OF 721.61 FT FOR POB RUN N 0DEG 06MIN 00SEC W 694.32 FT S 40DEG 23MIN 00SEC E 463.99 FT S 0DEG 06MIN 00SEC E 340.46 FT TO S LINE OF SE 1/4 S 89DEG 54MIN 00SEC W AL ONG SAID S LINE 300 FT TO POB ORB 1076 PG 0916
- Area Major: 32757 - Mount Dora
- Occupant Type: Owner
- Parcel Number: 20-19-27-0004-000-02200
- Zoning Code: OP
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