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Downtown Tavares Mixed-Use Opportunity

227 E MAIN St, Tavares, FL 32778

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For Sale

$799,000

Versatile mixed-use building in downtown Tavares, suitable for various uses.

Type:Commercial

Property size:

4,500 SF

Price / SF:

$177/SF

HighLights

Prime location directly on Main St in downtown Tavares, "America's Seaplane City".
Versatile property suitable for restaurant, retail, office, and more.
Excellent exposure on Main St with bustling downtown activity.
First time available in over 25 years.
Building includes 3,000+\/- sq ft front space and 1,500 sq ft rear space.
Building was last used as a restaurant and office/art studio.

We can help!

Listing Contact

Scott Strem

Learn more

For Sale

$799,000

Versatile mixed-use building in downtown Tavares, suitable for various uses.

Type:Commercial

Property size:

4,500 SF

Price / SF:

$177/SF

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 5:36 pm

Property Features for 227 E MAIN St

General Information

Standard status: Active
Size: 4,500 SF
Property subtype: Commercial

Building Details

Year Built: 1954

We can help!

Listing Contact

Scott Strem

Listing agent Scott Strem License #3106245

Listing office MORRIS REALTY AND INVESTMENTS

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Prime location directly on Main St in downtown Tavares, "America's Seaplane City".
Versatile property suitable for restaurant, retail, office, and more.
Excellent exposure on Main St with bustling downtown activity.
First time available in over 25 years.
Building includes 3,000+\/- sq ft front space and 1,500 sq ft rear space.
Building was last used as a restaurant and office/art studio.

Overview

An exclusive opportunity is available in downtown Tavares, known as "America's Seaplane City." Located directly on Main Street, this property has not been available for over 25 years. The building was last used as a restaurant in the front 3,000+/- square feet. The rear 1,500 square feet was used as an office and art studio. This versatile property offers many opportunities and is suitable for a wide variety of uses, including restaurant, retail, and office. The property benefits from excellent exposure on Main Street and the activity in downtown historic Tavares.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$97.2k	$21.60
− Vacancy	−$3.7k	−$0.82
EGI	$93.5k	$20.78
− OpEx	−$23.4k	−$5.19
NOI	$70.1k	$15.58

4,500 SF · lease $21.60/SF/yr · vacancy 3.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.00M

$876.6K – $1.17M (±1% cap)

NOI $70,130 @ 7.0% cap · market cap 8.78%

Second Best

Office B

$960.4K

$840.4K – $1.12M (±1% cap)

NOI $67,230 @ 7.0% cap · market cap 8.41%

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,640 @ 7.0% cap · market cap 11.22%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Shibuya Sushi & Sake Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Tavares
County: Lake
State: Florida
Longitude: -81.7261504
Latitude: 28.8026033

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For sale
Mixed-use properties
FL
Tavares
32778
227 E MAIN St

What type of property is this?

Mixed-use property - Versatile mixed-use building in downtown Tavares, suitable for various uses.

Where is this mixed-use property located?

The property is located at 227 E MAIN St Tavares, FL.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Prime location directly on Main St in downtown Tavares, "America's Seaplane City".; Versatile property suitable for restaurant, retail, office, and more.; Excellent exposure on Main St with bustling downtown activity.