827 W Montrose St
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827 W Montrose St
1,078 SF 100% Leased Office Building Clermont, FL 34711 $700,000 ($649/SF)
Investment Highlights
- 5 Space Parking Lot
- Standalone Historic Building
Executive Summary
Charming two-story commercial building located in the heart of Historic Downtown Clermont. Originally the town's first post office built in 1900, this historic structure has undergone extensive restorative renovations and was honored with the 2017 Excellence in Construction Eagle Award. The first floor offers a bright and spacious layout, perfect for any retail or open office plan with a small kitchenette and storage closet. The separate back entrance leads to the second floor where you'll find ample office space, a bathroom, and a walk-in storage area. The property holds a 5-space parking lot with room to expand. This building was completely remodeled in 2016 including a new roof and windows, and the back staircase was replaced and upgraded just a few months ago. This prime location sits right on Montrose Street near the corner of 8th Street, surrounded by shops and restaurants, and hosts the Farmers Market on Sundays, monthly wine strolls, and a multitude of festivities that are held yearly such as Light Up Clermont, Harvest Fest and First Friday Food Trucks. The current tenant's lease agreement is in place until June 2025.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,800
|
$2.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,800
|
$2.60
|
| Taxes |
$4,205
|
$3.90
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,205
|
$3.90
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $2,800 |
| Annual Per SF | $2.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,800 |
| Annual Per SF | $2.60 |
| Taxes | |
|---|---|
| Annual | $4,205 |
| Annual Per SF | $3.90 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,205 |
| Annual Per SF | $3.90 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
1,078 SF
Building Class
C
Year Built/Renovated
1900/2014
Price
$700,000
Price Per SF
$649
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
539 SF
Slab To Slab
8’
Building FAR
0.14
Lot Size
0.18 AC
Zoning
CBD - Central Business District
Parking
7 Spaces (6.49 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 24-22-25-0100-091-00500 | Total Assessment | $260,788 (2024) |
| Land Assessment | $178,188 (2024) | Annual Taxes | $4,205 ($3.90/SF) |
| Improvements Assessment | $82,600 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
24-22-25-0100-091-00500
Land Assessment
$178,188 (2024)
Improvements Assessment
$82,600 (2024)
Total Assessment
$260,788 (2024)
Annual Taxes
$4,205 ($3.90/SF)
Tax Year
2023
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827 W Montrose St
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