121 Highland St Mount Dora, FL 32757-5764
This exceptional commercial property, located at 121 N Highland Street in Mount Dora, Florida, presents a unique investment opportunity. The property consists of two lots totaling 0.34 acres, zoned C2-A within the thriving Uptown Mount Dora Business District. The main building offers 1,517 square feet of space, perfect for a variety of uses including retail, professional services, or food service establishments. Its charming, historic two-story design adds character and appeal. The property is currently vacant, allowing for immediate occupancy and customization to suit the new owner's vision. Eight parking spaces are conveniently located on the adjacent lot, enhancing the property's functionality. The strategic corner location at the intersection of CR 46/1st Avenue and Highland Street provides excellent visibility and accessibility, with quick access to US 441. Furthermore, the City of Mount Dora offers a facade grant program (while funds are available), providing an additional incentive for potential buyers to enhance the property's aesthetic appeal. The asking price for this remarkable property is $525,000. This is a gross lease property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.