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New Commercial Strip Center
For Lease
$457,730 CAM $4 /SF/Yr

10941 NE 89TH Dr, The Villages, FL 32162

Under construction retail/office spaces available in Fall 2025.

Space SizeContact for details
Lot Size1.46 Acres
Days on Market267

Property Features for 10941 NE 89TH Dr

General Information

Standard status Active
Lot size 1.46 Acres
Property subtype Commercial

Building Details

Year Built 2025
Listing Agency: MORRIS REALTY AND INVESTMENTS
Listed By: Judd Dickerson · License #3439695
Source: Elliman
Added: Nov 27, 2025 Changed: Jul 10 Last Checked: Aug 21 at 11:29AM

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 MORRIS REALTY AND INVESTMENTS

Investment Insights

Based on property information with market context.

This new commercial strip center is under construction and estimated to be ready for delivery to prospective tenants in Fall of 2025. The property offers direct frontage on CR466, a thoroughfare with a reported traffic volume exceeding 25,000 vehicles per day. Available spaces include unit #200, comprising 4,325 square feet, and unit #300, offering 2,935 square feet; these units can be combined to provide a total of 7,260 square feet. The adjacent space, unit #100, is under contract for a dentist's office. The adjacent building, also under construction, is planned to house a dermatology practice. The property is located adjacent to a new Wal-Mart that is to be constructed. The location is expected to benefit from increased traffic due to the new Wal-Mart to the east and a Costco to the west. The property is suitable for medical, office, or retail businesses. In addition to the base rent, there will also be $4 CAM and $4 additional rent to cover real estate taxes and insurance. A minimum lease term of 5 years is required.

Key Highlights

  • New construction commercial space available Fall 2025.
  • High‑traffic location on CR466 with 25,000+ vehicles per day.
  • Adjacent to a new Wal‑Mart development.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Building Supply Auto Repair Shop Real Estate Agency Hair Salon HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

$4 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

133
Businesses Nearby

Demographics for 32162, FL

51,905
Population
37,824
Households
1.4
Avg Household Size
74
Median Age
42%
College-Educated
98%
High-School Grad
22.8 sq mi
ZIP Area
2,277
Density / Sq Mi
$73,927
Median Household Income
$27,310
Median Earnings
$1,497
Median Rent
$358,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Under construction retail/office spaces available in Fall 2025.
Where is this strip mall located?
The property is located at 10941 NE 89TH Dr The Villages, FL.
What is the lease rate?
The lease rate is $457,730.
What are key features of this property?
This property features: New construction commercial space available Fall 2025.; High‑traffic location on CR466 with **25,000+ vehicles per day**.; Adjacent to a new Wal‑Mart development.
More about this property
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