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Mount Dora Plaza 2700-2738 W Old Highway 441 73,479 SF 100% Leased Retail Building Mount Dora, FL 32757 $9,988,916 CAD ($135.94 CAD/SF) 7.15% Cap Rate
Investment Highlights
- Established retail center with 100% occupancy.
- Home to the Mount Dora U.S. Post Office.
- Diverse tenant mix includes national, regional, and local businesses.
- Frontage along W Old Highway 441 provides strong visibility.
- Ample on-site parking supports customer and tenant access.
- USPS recently executed their lease extension at an 81% rent increase beginning in August 2028.
Executive Summary
Prime Realty has been selected as the Exclusive Broker, to market for Sale, Mount Dora Plaza - a 100% occupied ±73,479 SF neighborhood Shopping Center on approximately 9.45 acres located along W Old Hwy 441 (12,000 VPD) in the heart of Mount Dora, Florida. The center features a diverse mix of national, regional, and local tenants including USPS, Family Dollar, and Treasure Mart, as well as long-standing tenant Mount Dora Pizza, which has operated at the center since 1978. This stable retail asset benefits from a dense and growing trade area, solid demographics, and multiple established tenants with staggered lease expirations. Mount Dora Plaza is a rare value-add opportunity in a highly sought-after Central Florida submarket.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
73,479 SF
Building Class
B
Year Built/Renovated
1978/2008
Price
$9,988,916 CAD
Price Per SF
$135.94 CAD
Cap Rate
7.15%
NOI
$714,074 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
9.45 AC
Zoning
C-3 - Regional Commercial
Parking
447 Spaces (6.08 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-19-26-0800-000-00G00 | Improvements Assessment | $4,579,088 CAD |
| Land Assessment | $906,758 CAD | Total Assessment | $5,485,846 CAD |
Property Taxes
Parcel Number
25-19-26-0800-000-00G00
Land Assessment
$906,758 CAD
Improvements Assessment
$4,579,088 CAD
Total Assessment
$5,485,846 CAD
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Mount Dora Plaza | 2700-2738 W Old Highway 441
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