CP-Zoned Commercial Land
24629 SORRENTO Avenue Sorrento, FL 32776
24629 SORRENTO Avenue, Sorrento, FL, 32776
$1,300,000
For Sale
$1,300,000
COMMERCIAL - SORRENTO, FL
Property Size2,604 SF
Lot Size4.35 Acres
Price / SF$499.23
Days on Market145
Property Features for 24629 SORRENTO Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CP
- Parking features
- Underground/Basement
- Basement
- Finished, Exterior Entry, Interior Entry, Full
- Standard status
- Active
- APN
- 30-19-28-0001-000-03800
- Size
- 2,604 SF
- Lot size
- 4.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BEG 641 FT E OF SW COR OF NE 1/4 RUN N 1950.4 FT E 105.8 FT S 1949.76 FT W 104.2 FT TO POB--LESS ROAD R/W--& LESS N 100 FT-- ORB 805 PG 2052 ORB 807 PG 2200 ORB 1347 PG 2230 ORB 4148 PG 628 ORB 4710 PG 1083
- Tax Annual Amount
- 4551
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle
Listing agency
HANSON REAL ESTATE GROUP, INC.
(352) 383-3772
Listed by
Dana Bruns · License #638291
(352) 267-5522
Added: Feb 28 Updated: Jul 22 at 10:02PM Checked: Jul 23 at 9:06AM
MLS# G5109087
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This CP-zoned commercial land parcel is located within the Mt. Plymouth-Sorrento Community Redevelopment Area (CRA). The site is just shy of five acres and includes an existing structure previously used as a residence, along with a detached approximately 2,000-square-foot garage.
The property has more than 100 feet of road frontage on Sorrento Avenue, with additional access from CR 437 and Paul Street. It is positioned across the street from an approved 1,700-home residential development that includes approximately 350,000 square feet of planned commercial space.
Given the CP zoning and CRA placement, the parcel may support a variety of commercial uses, subject to Lake County approvals and development requirements. Buyers should confirm permitted uses and development conditions during due diligence with the county.
The property has more than 100 feet of road frontage on Sorrento Avenue, with additional access from CR 437 and Paul Street. It is positioned across the street from an approved 1,700-home residential development that includes approximately 350,000 square feet of planned commercial space.
Given the CP zoning and CRA placement, the parcel may support a variety of commercial uses, subject to Lake County approvals and development requirements. Buyers should confirm permitted uses and development conditions during due diligence with the county.
Key Highlights
- Located within the Mt. Plymouth–Sorrento Community Redevelopment Area (CRA) in an area of significant growth.
- CP zoning allows for a variety of commercial uses permitted by Lake County.
- Nearly 5‑acre parcel with over 100 feet of road frontage on Sorrento Avenue.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $24.00 |
| − Vacancy | −$10.6k | −$4.08 |
| EGI | $51.9k | $19.92 |
| − OpEx | −$13.0k | −$4.98 |
| NOI | $38.9k | $14.94 |
2,604 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$555.8K
$486.3K – $648.4K
NOI $38,904 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.0K
$648.4K – $864.5K
NOI $51,872 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercial parcel within the Mt. Plymouth-Sorrento CRA with 100+ feet of Sorrento Avenue frontage and multiple access points.
Where is this commercial land located?
The property is located at 24629 SORRENTO Avenue Sorrento, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Located within the Mt. Plymouth–Sorrento Community Redevelopment Area (CRA) in an area of significant growth.; CP zoning allows for a variety of commercial uses permitted by Lake County.; **Nearly 5‑acre parcel with over 100 feet of road frontage on Sorrento Avenue.**
