2751 W Old US Highway 441 - Retail FOR SALE


Mount Dora, FL 32757
$5,900,000 USD
813-387-4822
2751 W Old US Highway 441, Mount Dora, FL for Sale
$5,900,000 USD
Retail - FOR SALE
1/14
null | Request Cap Rate

2751 W Old US Highway 441
Mount Dora, FL 32757


HIGHLIGHTS

  • VALUE-ADD SHOPPING CENTER | 28% OCCUPIED: three buildings totaling 154,784 SF, about 73% vacant, offering positive in-place cash flow with value-add
  • SIGNIFICANT UPSIDE POTENTIAL Leasing remaining 112,516 SF of vacant space at similar rental rates could potentially add $1.1 million+ in cash flow
  • RECENT CAPITAL IMPROVEMENTS Over the past three years, ownership has invested in meaningful tenant improvements to support ongoing lease-up efforts
  • DEVELOPMENT POTENTIAL: property includes two vacant parcels positioned for redevelopment
  • STRONG RENT GROWTH POTENTIAL IN EXPANDING SUBMARKET The subject property’s average rent of $10.30 per SF is below the lake County submarket average
  • PROXIMITY TO MANY NATIONALLY RECOGNIZED RETAILERS: directly south of a high-performing Walmart Supercenter, ranking in the top 8% Locations

OVERVIEW

Golden Triangle Shopping Center presents a rare value-add investment opportunity in the heart of Mount Dora’s thriving retail corridor. Spanning over 21 acres with three buildings totaling 154,784 square feet, this property offers immediate cash flow with significant upside potential. Currently 27% occupied, the center provides more than 112,000 square feet of leasable space for future tenants, positioning investors to capitalize on Lake County’s robust retail demand and rent growth trends. Recent capital improvements and two vacant parcels—one with US Highway 441 frontage—create additional redevelopment or expansion possibilities. Located within the Orlando Metro, a top-performing retail submarket with sub-4% vacancy and consistent rent growth, the property benefits from proximity to nationally recognized retailers and a high-traffic environment. With an average in-place rent well below market rates, this asset offers compelling prospects for income growth and long-term appreciation.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$38 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Golden Triangle Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

505

LAND DETAILS

LAND ACRES

21.79 AC

LAND SF

949,172 SF

ZONING

C-3

APN/PARCEL ID

25-19-26-0525-000-00100

ASK ABOUT THIS PROPERTY

Logan LofgrenMarcus & MillichapMore Info
813-387-4822

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Logan LofgrenMarcus & MillichapMore Info
813-387-4822

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