1303 Limit Ave , MOUNT DORA, FL 32757
MOUNT DORA, FL 32757
Description
Under contract-accepting backup offers. INVESTOR 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 can’t-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. Don’t miss your chance to capitalize on this exceptional investment opportunity. Contact us today to schedule a viewing and explore the endless possibilities!
Details
| MLS# | G5090541 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | For-sale |
| Status | Pending |
| Year | 1994 |
| Days On Site | 32 |
| Listing Provided By | BLACK TIE REALTY, INC. | Mark Dyer |
Features
| SQ Feet | 5,884 |
|---|---|
| Zoning | OP |
| Acreage | 4.00 |
Market Activity 32757
Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of January 19, 2025 at 11:25:07 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
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Learn More About This Property
| State | FL |
|---|---|
| County | Lake |
| City | MOUNT DORA |
| Zip Code | 32757 |
| Area | 32757 Mount Dora |
| Listing VS Median (in 32757) | |
Price: $950,000 low | high Med: $425,000 SqFt: 5,884 low | high Med: 2,664 $ / SqFt: $161 low | high Med: $160 On Site: 32 low | high Med: 336.000000 | |