More change is coming to downtown Mount Dora. One of its prominent corner buildings is under contract to be purchased by Main Street Leasing (MSL).
The building, located at 403 N. Donnelly Street, was formerly home to The Drawer until it closed two years ago. Since then it has been vacant with the exception of last summer when it was used as an office for the construction crew.
The building's purchase will add to MSL’s sizable downtown real estate holdings. Its portfolio already includes two downtown Mount Dora landmarks--the Princess Theatre and the New Orleans Building at the corner of 5th and Donnelly.
MSL's tenants include Pisces Rising, Fiesta Grande, Spice & Tea Exchange, Gianni's, Maggie's Attic, Shiva, plus Pure Aveda, Julianne’s Coastal Cottage and others. Some MSL properties are occupied by its affiliated businesses like the Modernism Museum, its separate retail store and 1921.
Additionally, Main Street Leasing has prominent downtown commercial properties that have been noticeably vacant for several years. Those include the Princess Theatre building, the Sears House on 4th and Alexander, the New Orleans building and the entire north side of the 5th Avenue block from Donnelly to Alexander and less visible vacant space on Dora Drawdy Way.
The small unused parking lot on 5th and Alexander, as well as the large lot on 5th and McDonald are also owned by Main Street Leasing.
The Donnelly property currently under contract marks the eleventh corner property owned by the company in the city's small historic downtown core.
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BUSINESS & REAL ESTATE