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1203 Highway 50
Clermont, FL 34711

Emerald Lakes Plaza · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
33,568 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.97 AC
Zoning
C-2 General Commercial
Parking
116 Spaces (3.46 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

About 1203 Highway 50 , Clermont, FL 34711

PROPERTY SRS Investment Properties Group, as exclusive broker, is pleased to offer Emerald Lakes Plaza - a 33,568± SF neighborhood center anchored by Save-A-Lot, and located in Clermont, FL (Orlando MSA). Anchored by Save-A-Lot, Emerald Lakes Plaza features a healthy combination of necessity-based shopping along with internet resistant tenants which include United Flip Force Gymnastics, Evolv Kitchen, Dry Clean City, Plaster Cottage Art Studio and Polished Nails hair and day spa. The Property boasts excellent retail fundamentals, with a traditional strip center layout, phenomenal visibility, prominent signage and ease of access. The Property has benefitted from recent capital improvements with 90% of the GLA having been recently re-roofed, the resealing and restriping of the parking lot, and the installation of new signage. Furthermore, Save-A-Lot is implementing a “Re-Branding Initiative”, LOCATION Emerald Lakes Plaza is located roughly 23 miles west of Downtown Orlando in the heart of Clermont, Florida. Clermont is a bourgeoning Orlando submarket that serves as the commercial and retail hub for southern Lake County. The rapidly-growing submarket has a projected annual growth rate of 2.56% through 2023 within five miles of the Property. Emerald Lakes Plaza benefits from broad frontage on FL-50 - the primary east-west traffic corridor which runs between I-75, the Gulf Coast and Downtown Orlando, accommodating 32,500 VPD in front of the Property. It is positioned adjacent to Clermont’s historic downtown area, in the heart of the Emerald Lakes community – between Lake Minneola and Lake Minnehaha. Additionally, the Center is roughly 3.8 miles west of Orlando Health’s South Lake Hospital and 4.7 miles west of the University of Central Florida’s South Lake campus adding to its consumer draw.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-22-25-0004-000-01200
Land Assessment
$1,216,449
Improvements Assessment
$2,564,284
Total Assessment
$3,780,733
  • Listing ID: 15804823

  • Date on Market: 4/23/2019

  • Last Updated:

  • Address: 1203 Highway 50, Clermont, FL 34711

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