Remarks

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 convenience—precisely 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
Price: $950,000

Style: Office
Sq Ft: 5884
Year Built: 1994

County: Lake
Tax Fee: 12196