January 10, 2001
TAVARES, FL-The one-story, 35-year-old, 13,520-sf First Union Bank building is going for $850,000 or $62.87 per sf. That's still less than building a comparable new structure to house 30 employees for $1.35 million ($100 per sf), or leasing for five years at $1.01 million at an estimated $15 per sf, county auditors feel. Tavares, Lake County's county seat, is 38 miles northwest of Downtown Orlando.