It’s named for Mount Dora’s original namesake. Royellou Alley, wedged downtown between Donnelly and Baker Streets, boasts the city’s historic jail, as well as a vacant shuttered building that’s riddled with broken windows..
Get ready for a major metamorphosis. An investor with CFL Property Group is under a firm contract to purchase 440 Royellou Lane and plans to pump life into the unkempt building by adding unique retail space, as well as offices on the 4,000 square-foot first floor. The historic building, built in 1920, was formerly home to Rehbaum Hardware Store’s warehouse and sits next to the Mount Dora History Museum.
As most downtown Mount Dora landlords are currently enjoying 100 percent occupancy rates for ground-floor space, this property will allow CFL to accommodate some of the businesses on its waiting list.
“It will be great when the broken windows can be a distant memory. I look forward to breathing new life and energy into this interesting piece of Mount Dora history,” said Sandi Weld, property manager and leasing agent for CFL Properties.
ABOVE: Concept rendering by Progress Architecture
The new owners plan to freshen the building’s exterior, and a grant has been pre-approved for its facade renovation which will be revisited with the City of Mount Dora after the deal closes on March 18. Solar power will also be added, similar to CFL’s building at 402 N. Donnelly which is slated to have 117 solar panels installed on its roof by the end of March.
Anyone interested in leasing opportunities should contact Sandi Weld at CFL Properties.
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