2700-2738 W Old Highway 441 - Restaurant FOR SALE


Mount Dora, FL 32757
$7,160,000 USD
513-505-1677
2700-2738 W Old Highway 441, Mount Dora, FL for Sale
$7,160,000 USD
Restaurant - FOR SALE
1/10
null | 7.25% Cap Rate

2700-2738 W Old Highway 441
Mount Dora, FL 32757


HIGHLIGHTS

  • Strong In-Place Cash Flow. The Property is fully occupied, generating a present net income of approximately $519,136
  • Value-Add Opportunity with Short-Term Rent Roll. Despite healthy current income, staggered lease expirations provide Value-Add Opportunity
  • Excellent Visibility & Accessibility. Situated along W Old Hwy 441 (±12,000 VPD), The Property enjoys prominent visibility and ease of access
  • Abundant Parking and Outparcel Opportunity. With 447 surface parking spaces (±6.2/1,000 SF ratio), The Property contains ample parking
  • Well-Maintained Asset with Limited Capital Exposure. Consistently maintained with recent updates to roof, HVAC, parking lot, and repainting

OVERVIEW

Prime Realty has been selected as the Exclusive Broker, to market for Sale, Mount Dora Plaza - a 100% occupied ±73,479 SF neighborhood Shopping Center on approximately 9.45 acres located along W Old Hwy 441 (12,000 VPD) in the heart of Mount Dora, Florida. The center features a diverse mix of national, regional, and local tenants including USPS, Family Dollar, and Treasure Mart, as well as long-standing tenant Mount Dora Pizza, which has operated at the center since 1978. This stable retail asset benefits from a dense and growing trade area, solid demographics, and multiple established tenants with staggered lease expirations. Mount Dora Plaza is a rare value-add opportunity in a highly sought-after Central Florida submarket.

FOR SALE DETAILS

PRICE

$7,160,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount Dora Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

447

LAND DETAILS

LAND ACRES

9.45 AC

LAND SF

411,642 SF

ZONING

C-3

APN/PARCEL ID

25-19-26-0800-000-00G00

ASK ABOUT THIS PROPERTY

Nick CarcieriPrime Realty, Inc.More Info
513-505-1677

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Nick CarcieriPrime Realty, Inc.More Info
513-505-1677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.