791 LAKE AVENUE at

791 LAKE AVENUE

For sale Days on market 20

$1,500,000

$400/sq ft

$445,000
Price Decreased

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Overview

Bedroom

Year Built

1968

Sqft

3750

Property Type

Multi Family (5+)

Property Description

Under contract-accepting backup offers. 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.

Property Details

MLS#

G5108242

Address

791 LAKE

City

Clermont

State/county

Zip/Postal Code

34711

Area

Clermont

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,946

Maint Fee

$--

Tax Year

2025

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