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Premiere Retail / Restaurant / Event Venue - Downtown Clermont

$2,999,999

550 West Ave, Clermont, FL 34711

Active
Last Updated: 06/06/2025

9.1

Cap Rate

273,011

NOI

Details:
Cap Rate:    9.1%
NOI:    $273,011
Building Size:    6,912 sqft
Lot Area:    0.43 acres
Occupancy:    100%
Units:    4
Year Built:    2023
Floors:    1
Parking Spots:    47
Highlights:
  • 8,792 SF Retail/Event Center
  • Built in 2023
  • Four-Venue Center
  • - 6,912 SF Main Building
  • - Two Airstream Food Trucks
  • - One Outdoor Bar
  • - Open Air space for other Vendors
  • Lot Dimensions: 201'x93'
  • 47 Street Parking Spaces at Property + City Parking Lot 1/2 block away
  • Less than one block from Lake Minneola, Waterfront Park, Victory Pointe, The Salt Shack Restaurant, the Coast to Coast Trail
  • 9.1-Cap Investment or End User Site
  • Zoned CBD (Clermont) which allows most retail/event/office including Retail Business, Personal Service Establishments, Professional Offices, Lodges and Clubs, Restaurants less than 3,000 SF Medical Marijuana Dispensaries. Conditional Uses: Brewery, Distillery, Retail business, Personal Service Establishments and Professional Offices occupying 3,000 SF or more, Restaurants over 3,000 SF, Lounges, Theaters, Cinemas and Auditoriums.
Description:

This 8,792 ± SF (total combined leasable SF) Retail/Event property is a multi-faceted center that is comprised of a 6,912 SF main building (3,456 SF enclosed under air) built in 2023, two Airstream food trucks offering food & beverage service, a 400 SF covered open air bar with lake views, and a 1,000 SF covered outdoor seating area. It is ideally located on the corner of West Ave and W. Minneola Ave in the heart of the historic Clermont CBD, is next to the Clermont Historic Village and Clermont’s Victory Pointe facility, and is less than 1 block from Lake Minneola, Victory Point, the "Rails To Trails" fitness trail, numerous restaurants (including Salt Shack), shops and bars. This property is the new premiere property in Historic Downtown Clermont.

This .43 acre (201'x93') property is zoned CBD (Clermont) which ideal for a restaurant/bar or entertainment/events facility, and CBD zoning allows most retail/event/office including Retail Business, Personal Service Establishments, Professional Offices, Lodges and Clubs, Restaurants less than 3,000 SF Medical Marijuana Dispensaries. Conditional Uses: Brewery, Distillery, Retail business, Personal Service Establishments and Professional Offices occupying 3000 SF or more, Restaurants over 3,000 SF, Lounges, Theaters, Cinemas and Auditoriums.

This is the “Premiere Location” and the “Showpiece” in the Clermont Historic District. There are 47 parking spaces (street parking) on the East and South sides of the property, and a new city parking lot half a block away. In addition to the existing restaurants, the Lake, trail and other shops, within a block, new restaurants, apartments, retail, and condos are in process west of the property making this the center of the new growth area in Clermont CBD. The 3,456 ± SF enclosed building is currently being utilized as an ax-throwing event center (which makes this a 9.1-Cap investment).

Located 30 miles west of Orlando and 20 miles NW of Disney, Clermont has been nationally certified as a Runner-Friendly and Bicycle-Friendly Community. Located at the halfway point of the Florida Coast-to-Coast Trail, Clermont's South Lake Trail and offers a variety of attractive amenities for trail users, including restrooms, shade, benches, information kiosks, way finding signs, water fountains and showers. An impressive selection of lodging, restaurants and shops are also reachable via the trail. Through the City of Clermont's award-winning Master Plan, many enhancements are being made to our trail system, including Legacy Loop Trail, Meet Us in the Middle Plaza, and the Clermont Wi-Fi Trail. The Meet Us in the Middle Plaza will be a gathering place that will hallmark the midpoint of the Florida Coast-to-Coast Trail, connecting the east and west coasts of Florida in a celebratory fashion intentionally designed as a one-of-kind trailhead and park experience.

This 8,792sf (total combined leasable sf) Retail/Event Center with 6,912sf main building built in 2023 is located on the corner of West Ave and W. Minneola Ave in the heart of the red-hot Clermont CBD and is less than 1 block from Lake Minneola, Victory Point, the Coast-to-Coast fitness trail, numerous restaurants, shops and bars. This property is the new premiere location in Historic Downtown Clermont. Clermont, 30 miles west of Orlando, has been nationally certified as a Runner-Friendly and Bicycle-Friendly Community. Located at the halfway point of the Florida Coast-to-Coast Trail, Clermont's South Lake Trail offers a variety of attractive amenities for trail users, including restrooms, shade, benches, information kiosks, Wi-Fi, way finding signs, water fountains and showers. An impressive selection of lodging, restaurants and shops are also reachable via the trail. Through the City of Clermont's award-winning Master Plan, many enhancements have been made to our trail system, including Legacy Loop Trail, Meet Us in the Middle Plaza and the Clermont Wi-Fi Trail. The Meet Us in the Middle Plaza will be a gathering place that will hallmark the midpoint of the Florida Coast-to-Coast Trail, connecting the east and west coasts of Florida in a celebratory fashion intentionally designed as a one-of-kind trailhead and park experience. There are 47 parking spaces (street parking) on the East and South sides of the property, and a new city parking lot half a block away. In addition to the existing restaurants, the Lake, trail and other shops, within a block, new restaurants, apartments, retail, and condos are in process making this a very desirable location.

Water & Sewer: City of Clermont
Natural Gas: Lake Apopka

This .43-acre (201'x93') property is zoned CBD (Clermont) allowing most retail/office uses, is located one block from Lake Minneola next to the Clermont Historic Village, and Clermont’s Victory Pointe facility, and is one block from lakefront restaurants.

There is a 3,456sf enclosed building built in 2023, plus 1000 +/-sf of covered outdoor seating, two airstream trailers offering food/beverage service, and a 400sf covered outdoor bar. This is the “Premiere Location” and the “Showpiece” in the Clermont Historic District, and can be utilized for office, retail, event, and other uses.

The zoning allowed permitted uses: Retail Business, Personal Service Establishments, Professional Offices, Lodges and Clubs, Restaurants less than 3000sf Medical Marijuana Dispensaries. Conditional Uses: Brewery, Distillery, Retail business, Personal Service Establishments and Professional Offices occupying 3000sf or more, Restaurants over 3000sf, Lounges, Theaters, Cinemas and Auditoriums.

There are 47 parking spaces (street parking) on the East and South sides of the property, and a new city parking lot half a block away.

CLERMONT, PB 8 PG 17 E 93.5 FT OF LOTS 3, 4, 5, 6 BLK 94 ORB 5497 PG 1731

Lake Apopka Natural Gas

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