610 S Highland St Mount Dora, FL 32757

This exceptional 8.77-acre commercial development opportunity is situated in the highly desirable downtown area of Mount Dora, Florida, at the southeast corner of Highland Street and Camp Road. The property boasts a prime location with excellent visibility and accessibility. Zoned MU-1 (Mixed Use Traditional) by the City of Mount Dora, this parcel offers significant development potential. The zoning allows for a high density of up to 35 residential units per acre, along with a commercial floor area ratio of 3.0, and a building height of up to 60 feet or 5 stories. This flexibility allows for a wide range of development options, including multi-family residential, townhomes, hotels, restaurants, grocery stores, specialty markets, and health spas. The strong demographics of Mount Dora, combined with the property's strategic location, create a compelling investment opportunity. All utilities are readily available to the site, simplifying the development process. The asking price for this remarkable property is $3,600,000. This is a rare chance to acquire a significant land parcel in a thriving Florida community. The address is 610 S Highland St, Mt Dora, FL 32757, in Lake County.