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Major upside potential with below-market rents and wide zoning
Potential redevelopment opportunity with CBD zoning which allows for two additional stories
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Sold

SOLD: 684 W Montrose

$1,050,000

Clermont, Florida

4,500 ± SF

PROPERTY DETAILS

Property Type: Commercial, Retail

Location: 684 W Montrose St, Clermont, Florida 34711

County: Lake

PIN: 242225010007701600

Zoning: CBD Central Business District


Unique value-add investment or redevelopment opportunity located in the heart of Downtown Clermont, Florida. The property consists of two buildings with a total of 4,500 ± SF in size and is currently 80% occupied with below-market rents. Current CBD (Central Business District) zoning gives this property a redevelopment opportunity since it allows the construction of two additional stories.

The City of Clermont has seen recent growth, especially within the Downtown market. The main highlight of the city is the recent improvements they have implemented to the local lakefront Victory Pointe Park. The $9.5-million stormwater project and urban, passive park, is critical to the success of the City’s award-winning Master Plan aimed at revitalizing the downtown and waterfront.

For more information, visit https://www.clermontfl.gov/news/clermont-set-to-complete-victory-pointe-project-this-summer.stml

Description:
Major upside potential with below-market rents and wide zoning
Potential redevelopment opportunity with CBD zoning which allows for two additional stories
There are 14 dedicated parking spaces on-site

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