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791 LAKE AVENUE

Commercial Recently Sold
$950,000

BTC: 15.07936508

ETH: 544.10080183

Sold on: 2026-03-23
4 days
0 room(s)
3,750 sqft

Overview

Downtown Clermont is in the midst of a major boom, with new businesses, restaurants, and mixed-use projects rapidly reshaping the core district. This highly walkable, lakefront downtown is where everything is happening – the next big place to be for investors and entrepreneurs, with meaningful private investment continuing to fuel growth. Rare 0.50± acre corner parcel in the heart of Downtown Clermont zoned CBD (Central Business District), offering exceptional mixed-use and redevelopment potential. Positioned one block from City Hall and within walking distance to Lake Minneola, Waterfront Park, dining, retail, and trail access, this property sits within Clermont’s active and evolving downtown corridor. Currently improved with a six-unit (each unit 1 bedroom, 1 bath) multifamily building providing income, the property presents a compelling opportunity for investors, developers, or buyers seeking long-term redevelopment, repositioning, or a strategic hold within the CBD district (buyer to verify allowable uses and density). Existing income offers the potential for future revenue growth through thoughtful rent adjustments aligned with market trends while evaluating redevelopment or repositioning plans. The half-acre corner parcel offers substantial additional usable land beyond the existing building footprint, providing meaningful space for potential expansion, supplemental structures, or future development. CBD zoning supports a variety of potential residential, mixed-use, and hospitality-related concepts (buyer to verify all allowable uses and requirements). Downtown Clermont continues to experience meaningful private investment and steady growth, following a trajectory seen in other Central Florida downtown markets that have undergone substantial appreciation and revitalization over time. Opportunities to secure sizeable parcels within an emerging downtown core are becoming increasingly limited. Secure a prime urban infill opportunity in one of Central Florida’s fastest-growing lakefront communities. Do not disturb tenants. Shown by appointment only.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1968
Lot:
0.52 Acres
Heating:
Other
Price/sqft:
$400
Cooling:
Other
HOA:
No Data

Highlights

Annual tax
$6,946
2025
All facts and features
  • Heating

    • Other

    Cooling

    • Other

  • Lot

    • Lot: 0.52 Acres

    Other Property Information

    • Parcel Number: 242225010005700400

    • Zoning: CBD

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family (5+)

  • Utility

    • Water Connected

  • Other financial information

    • Annual tax amount: $6,946

  • Source details

    • MLS ID: G5108969

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Living Area: 3750

    • Water Source: Public

    • Subdivision Name: CLERMONT

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER HUBBARD HANSEN