Downtown Tavares Mixed-Use Investment
107 W MAIN STREET Tavares, FL 32778
For Sale
$499,000
Two-unit mixed-use building in historic downtown Tavares, fully occupied.
Property Size1,662 SF
Lot Size0.05 Acres
Price / SF$300.24
Days on Market329
Property Features for 107 W MAIN STREET
General Information
- Standard status
- Active
- Size
- 1,662 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1918
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 787-6966
Listed By:
DANIEL TATRO · License #3190991
Source:
Corcoran
Added: Aug 31, 2025
Changed: Jul 6
Last Checked: Jul 25 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GRIZZARD COMMERCIAL REALESTATE
Investment Insights
Based on property information with market context.
This mixed-use property is located in historic downtown Tavares, the county seat for Lake County. The building is fully occupied with two tenants. The upstairs unit is a renovated two-bedroom, one-and-a-half-bathroom apartment featuring a newly renovated deck and patio with a view of Lake Dora. The downstairs unit is occupied by an established hair salon. Renovations include new windows, appliances, paint, and flooring, as well as a completely new kitchen in the upstairs apartment. Both units have new HVAC units as of 2024. The property offers an investment opportunity with income potential.
Key Highlights
- Income‑generating investment property with 100% occupancy.
- Prime location in historic downtown Tavares.
- Renovated 2 BR / 1.5 BA apartment with lake views and a newly renovated deck/patio.
Financial Insights For Mixed Use
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 | $39.9k | $24.00 |
| − Vacancy | −$4.8k | −$2.88 |
| EGI | $35.1k | $21.12 |
| − OpEx | −$13.2k | −$7.92 |
| NOI | $21.9k | $13.20 |
1,662 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$291.6K
$255.1K – $340.2K
NOI $20,410 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$473.0K
$413.8K – $551.8K
NOI $33,107 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charis Esthetics Studio
Spa & Massage Center
FAQs
What type of property is this?
Mixed-use property - Two-unit mixed-use building in historic downtown Tavares, fully occupied.
Where is this mixed-use property located?
The property is located at 107 W MAIN STREET Tavares, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Income‑generating investment property with 100% occupancy.; Prime location in historic downtown Tavares.; Renovated 2 BR / 1.5 BA apartment with lake views and a newly renovated deck/patio.
