851 N Donnelly St Mount Dora, FL 32757
- Office buildings
- 3,261 SF
- 0.22 lot acres
Current Use by Public Records
- Office buildings
Property Details for 851 N Donnelly St
- Year built
- 1896
- Construction
- WOOD FRAME
- Lot size
- 0.22 lot acres
- Property size
- 3,261 SF
- Property type
- Office buildings
- APN
- 29-19-27-0010-035-00011
- APU
- 291927001003500011
Description
This exceptional commercial property, located at 851 N Donnelly St in Mount Dora, Florida (32757), presents a compelling investment opportunity. The 3,261 square foot building, situated on a 0.44-acre lot, boasts a strong history of full occupancy and long-term tenants, currently achieving 100% occupancy. The property features a mix of tenants with single and multi-year leases, generating an annual net operating income (NOI) exceeding $53,890, resulting in a 2.84% capitalization rate. The asking price is $1,899,000. The building includes attractive features such as upper and lower lobbies/waiting areas with adjacent restrooms, a variety of suites (some with private entry and restrooms), and a double suite with a balcony. A significant advantage is the inclusion of a separately deeded, paved, and landscaped private parking lot. This well-maintained building is ideally situated in Mount Dora's business district, offering excellent visibility and accessibility. The gross lease structure simplifies management, and the current rent roll demonstrates consistent, high-value tenancy. This property represents a rare opportunity to acquire a stable, high-performing commercial asset in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Dora
- County
- Lake
- State
- Florida
- Longitude
- -81.6451
- Latitude
- 28.804
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
